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Arch Capital Group (ACGL) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Arch Capital Group (ACGL - Free Report) closed at $92.58, marking a +1.18% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.57%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq lost 1.15%.
Prior to today's trading, shares of the property and casualty insurer had lost 4.56% lagged the Finance sector's gain of 4.57% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Arch Capital Group in its forthcoming earnings report. The company's upcoming EPS is projected at $2.46, signifying a 4.65% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.6 billion, indicating a 3.39% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.3 per share and a revenue of $18.2 billion, indicating changes of -5.49% and -3.12%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Arch Capital Group. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. At present, Arch Capital Group boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Arch Capital Group is presently trading at a Forward P/E ratio of 9.84. This signifies a discount in comparison to the average Forward P/E of 10.9 for its industry.
Also, we should mention that ACGL has a PEG ratio of 4.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Insurance - Property and Casualty was holding an average PEG ratio of 2.35 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Arch Capital Group (ACGL) Advances While Market Declines: Some Information for Investors
In the latest trading session, Arch Capital Group (ACGL - Free Report) closed at $92.58, marking a +1.18% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.57%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq lost 1.15%.
Prior to today's trading, shares of the property and casualty insurer had lost 4.56% lagged the Finance sector's gain of 4.57% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Arch Capital Group in its forthcoming earnings report. The company's upcoming EPS is projected at $2.46, signifying a 4.65% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.6 billion, indicating a 3.39% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.3 per share and a revenue of $18.2 billion, indicating changes of -5.49% and -3.12%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Arch Capital Group. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. At present, Arch Capital Group boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Arch Capital Group is presently trading at a Forward P/E ratio of 9.84. This signifies a discount in comparison to the average Forward P/E of 10.9 for its industry.
Also, we should mention that ACGL has a PEG ratio of 4.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Insurance - Property and Casualty was holding an average PEG ratio of 2.35 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.