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Arch Capital Group (ACGL) Beats Stock Market Upswing: What Investors Need to Know
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The latest trading session saw Arch Capital Group (ACGL - Free Report) ending at $114.86, denoting a +1.78% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.9%. Elsewhere, the Dow gained 0.81%, while the tech-heavy Nasdaq added 1.22%.
The the stock of property and casualty insurer has risen by 0.59% in the past month, leading the Finance sector's gain of 0.34% and undershooting the S&P 500's gain of 3.15%.
The investment community will be closely monitoring the performance of Arch Capital Group in its forthcoming earnings report. The company is scheduled to release its earnings on October 30, 2024. The company is predicted to post an EPS of $1.70, indicating a 26.41% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.8 billion, up 8.23% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.01 per share and a revenue of $15.56 billion, indicating changes of +6.63% and +15.33%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Arch Capital Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.04% higher. Arch Capital Group currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Arch Capital Group currently has a Forward P/E ratio of 12.52. This represents a discount compared to its industry's average Forward P/E of 13.57.
We can also see that ACGL currently has a PEG ratio of 2.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Property and Casualty industry had an average PEG ratio of 1.7 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 16, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Arch Capital Group (ACGL) Beats Stock Market Upswing: What Investors Need to Know
The latest trading session saw Arch Capital Group (ACGL - Free Report) ending at $114.86, denoting a +1.78% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.9%. Elsewhere, the Dow gained 0.81%, while the tech-heavy Nasdaq added 1.22%.
The the stock of property and casualty insurer has risen by 0.59% in the past month, leading the Finance sector's gain of 0.34% and undershooting the S&P 500's gain of 3.15%.
The investment community will be closely monitoring the performance of Arch Capital Group in its forthcoming earnings report. The company is scheduled to release its earnings on October 30, 2024. The company is predicted to post an EPS of $1.70, indicating a 26.41% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.8 billion, up 8.23% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.01 per share and a revenue of $15.56 billion, indicating changes of +6.63% and +15.33%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Arch Capital Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.04% higher. Arch Capital Group currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Arch Capital Group currently has a Forward P/E ratio of 12.52. This represents a discount compared to its industry's average Forward P/E of 13.57.
We can also see that ACGL currently has a PEG ratio of 2.04. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Property and Casualty industry had an average PEG ratio of 1.7 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 16, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.