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Gear Up for Arch Capital (ACGL) Q3 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-28 14:21
Core Viewpoint - Analysts project Arch Capital Group (ACGL) will report quarterly earnings of $1.98 per share, a decline of 14.3% year over year, with revenues expected to reach $4.04 billion, an increase of 14.9% from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted downward by 1% over the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Revenue Projections - Consensus estimate for 'Revenues- Net investment income' is $372.52 million, reflecting a change of +38.5% from the prior-year quarter [5] - 'Revenues- Net premiums earned' are forecasted to reach $3.65 billion, indicating a change of +12.3% from the year-ago quarter [5] - 'Revenues- Net premiums earned- Insurance Segment' is expected to be $1.52 billion, a change of +7.6% from the year-ago quarter [5] - 'Revenues- Net premiums earned- Reinsurance Segment' is projected at $1.84 billion, showing a change of +19.5% from the prior-year quarter [6] Loss and Expense Ratios - The 'Loss Ratio - Total' is expected to reach 58.6%, compared to 50.7% from the previous year [6] - The estimated 'Combined Ratio - Total' is 87.0%, up from 77.9% year-over-year [6] - 'Expense Ratio - Other Operating Expense Ratio' is projected at 9.8%, compared to 9.5% last year [7] - 'Expense Ratio - Total Acquisition Expense Ratio' is expected to be 18.8%, up from 17.7% year-over-year [7] - 'Combined Ratio - Mortgage Segment' is projected to reach 25.4%, significantly higher than 4.7% from the previous year [7] Underwriting Ratios - 'Underwriting Expense Ratio - Other Operating Expense Ratio - Mortgage Segment' is likely to be 16.1%, slightly down from 16.2% last year [8] - 'Underwriting Expense Ratio - Total' is expected to be 28.3%, compared to 27.2% from the same quarter last year [8] Market Performance - Shares of Arch Capital have decreased by 7.2% in the past month, contrasting with a +2% move of the Zacks S&P 500 composite [9] - With a Zacks Rank 3 (Hold), ACGL is anticipated to mirror the overall market performance in the near future [9]
Can Arch Capital Retain Its Beat Streak This Earnings Season?
ZACKS· 2024-10-24 15:01
Arch Capital Group Ltd. (ACGL) is slated to report third-quarter 2024 earnings on Oct. 30, after market close. The insurer delivered an earnings surprise in each of the last four quarters, the average beat being 28.93%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to ConsiderIncreases in most lines of business due in part to new business opportunities and rate changes and growth in existing accounts in the Insurance and Reinsurance segments are likely to have favored net p ...
Arch Capital Group (ACGL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-10-23 15:08
Arch Capital Group (ACGL) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are bet ...
Why Arch Capital Group (ACGL) Dipped More Than Broader Market Today
ZACKS· 2024-10-22 23:21
The most recent trading session ended with Arch Capital Group (ACGL) standing at $107.79, reflecting a -0.65% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.18%.The property and casualty insurer's stock has dropped by 4.54% in the past month, exceeding the Finance sector's loss of 4.85% and lagging the S&P 500's gain of 2.76%.The investment community will be paying close attention to the ...
Arch Capital Group (ACGL) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-10-16 23:05
Arch Capital Group (ACGL) closed the most recent trading day at $107.47, moving -0.55% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%.Shares of the property and casualty insurer have depreciated by 5.18% over the course of the past month, underperforming the Finance sector's loss of 3.28% and the S&P 500's gain of 3.48%.Investors ...
Arch Capital: Navigating Insurance Cycles With Strong Pricing Power
Seeking Alpha· 2024-10-16 10:13
Editor's note: Seeking Alpha is proud to welcome Pythia Research as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.Pythia Research offers a unique perspective by combining a deep social sciences and psychology background with hands-on portfolio management and stock analysis expertise. Initially rooted in the behavioral sciences, Pythia’s journey began w ...
Arch Capital Group (ACGL) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-10-10 23:20
Arch Capital Group (ACGL) ended the recent trading session at $113.90, demonstrating a +0.72% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%.Shares of the property and casualty insurer have appreciated by 3.04% over the course of the past month, outperforming the Finance sector's loss of 4.48% and lagging the S&P 500's gain of ...
5 Low-Leverage Stocks to Buy Buoyed by Impressive Tech Earnings
ZACKS· 2024-10-09 15:03
Major U.S. stock indices ended in the green on Oct. 8, buoyed by strong earnings reports from a handful of tech stocks. Comparatively steadier U.S. treasury yields also boosted investors’ optimism, which was reflected in the form of positive price change on the bourses.  This might encourage investors to spend on shares. However, keeping in mind the volatile situation of the world economy lately, it is advisable to choose stocks that come with low leverage, thereby carrying less risk during periods of uncer ...
Wall Street Bulls Look Optimistic About Arch Capital (ACGL): Should You Buy?
ZACKS· 2024-10-08 14:35
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Arch Capital Group (ACGL) .Arch Capital currently has an average ...
Arch Capital Group Ltd. (ACGL) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-10-07 14:16
Have you been paying attention to shares of Arch Capital Group (ACGL) ? Shares have been on the move with the stock up 4% over the past month. The stock hit a new 52-week high of $115.03 in the previous session. Arch Capital Group has gained 54.7% since the start of the year compared to the 18.1% move for the Zacks Finance sector and the 29.1% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it h ...