Arch Capital Group Ltd reports results for the quarter ended in December - Earnings Summary

Arch Capital

13/02/2023 22:02

* Arch Capital Group Ltd  ACGL.OQ  reported quarterly
adjusted
earnings of $2.14​​ per share for the quarter ended in December.
The mean expectation of twelve analysts for the quarter was
for earnings of $1.34 per share.
    * Revenue rose 35.1% to $3.03 billion from a year ago;
analysts
expected $2.39 billion. 
    * Arch Capital Group Ltd's reported EPS for the quarter was
$2.26​.
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Arch Capital Group Ltd shares had risen by 2.3% this
quarter.
    * The company reported quarterly net income of $849.5
million.
    * Wall Street's median 12-month price target for Arch
Capital
Group Ltd is $70.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
13 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.34           2.14           Beat
 Sep. 30 2022      0.17           0.28           Beat
 Jun. 30 2022      1.09           1.34           Beat
 Mar. 31 2022      1.06           1.10           Beat