Arch Capital Group Ltd expected to post earnings of $2.10 a share - Earnings Preview

Arch Capital

26/04/2024 22:32

* Arch Capital Group Ltd  ACGL.OQ   ACGL.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 29
for the period ending March 31 2024
    * The Pembroke Bermuda-based   company is expected to report
a
11.9% increase in revenue to $3.831 billion from $3.42 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data. (Sales/Revenue Majority Basis is on Net Premiums
Written, including only 11% stake in Watford)
    * ​LSEG's mean analyst estimate for Arch Capital Group Ltd
is for
earnings of $2.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Arch
Capital
Group Ltd is $107.00​, above​ its last closing price of $93.05.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.01        2.03       2.49      Beat    22.8
 Sep. 30 2023  1.63        1.61       2.31      Beat    43.7
 Jun. 30 2023  1.61        1.58       1.92      Beat    21.2​
 Mar. 31 2023  1.45        1.45       1.73      Beat    19.6
 ​​Dec.        1.34        1.34       2.14      Beat    60
 31 2022                                                
 Sep. 30 2022  0.18        0.17       0.28      Beat    65.7​
 Jun. 30 2022  1.08        1.09       1.34      Beat    23.3
 Mar. 31 2022  1.04        1.06       1.10      Beat    3.8
 This summary was machine generated April 26 at 21:32 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)