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

Arch Capital

26/07/2023 23:21

* Arch Capital Group Ltd  ACGL.OQ  reported quarterly
adjusted
earnings of $1.92​​ per share for the quarter ended in June. The
mean expectation of fourteen analysts for the quarter was
for earnings of $1.58 per share.
    * Revenue rose 27.7% to $3.43 billion from a year ago;
analysts
expected $3.34 billion. 
    * Arch Capital Group Ltd's reported EPS for the quarter was
$1.75​.
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Arch Capital Group Ltd shares had risen by 8.7% this
quarter and
gained 29.6% so far this year.
    * The company reported quarterly net income of $661 million.
    * Wall Street's median 12-month price target for Arch
Capital
Group Ltd is $86.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.58           1.92           Beat
 Mar. 31 2023      1.45           1.73           Beat
 Dec. 31 2022      1.34           2.14           Beat
 Sep. 30 2022      0.17           0.28           Beat