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Arch Capital Group (ACGL) Ascends While Market Falls: Some Facts to Note
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In the latest close session, Arch Capital Group (ACGL - Free Report) was up +1.94% at $97.95. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. On the other hand, the Dow registered a loss of 0.29%, and the technology-centric Nasdaq decreased by 0.56%.
Shares of the property and casualty insurer witnessed a loss of 2.65% over the previous month, trailing the performance of the Finance sector with its loss of 0.73%, and the S&P 500's loss of 0.82%.
Analysts and investors alike will be keeping a close eye on the performance of Arch Capital Group in its upcoming earnings disclosure. In that report, analysts expect Arch Capital Group to post earnings of $1.88 per share. This would mark a year-over-year decline of 32.13%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.46 billion, down 5.4% from the year-ago period.
ACGL's full-year Zacks Consensus Estimates are calling for earnings of $9.44 per share and revenue of $17.7 billion. These results would represent year-over-year changes of -4.07% and -5.81%, respectively.
Any recent changes to analyst estimates for Arch Capital Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. As of now, Arch Capital Group holds a Zacks Rank of #3 (Hold).
In the context of valuation, Arch Capital Group is at present trading with a Forward P/E ratio of 10.18. This valuation marks a discount compared to its industry average Forward P/E of 11.39.
Meanwhile, ACGL's PEG ratio is currently 4.73. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty industry had an average PEG ratio of 1.73 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 27% of all 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.
View the Zacks #1 Rank List
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Arch Capital Group (ACGL) Ascends While Market Falls: Some Facts to Note
In the latest close session, Arch Capital Group (ACGL - Free Report) was up +1.94% at $97.95. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. On the other hand, the Dow registered a loss of 0.29%, and the technology-centric Nasdaq decreased by 0.56%.
Shares of the property and casualty insurer witnessed a loss of 2.65% over the previous month, trailing the performance of the Finance sector with its loss of 0.73%, and the S&P 500's loss of 0.82%.
Analysts and investors alike will be keeping a close eye on the performance of Arch Capital Group in its upcoming earnings disclosure. In that report, analysts expect Arch Capital Group to post earnings of $1.88 per share. This would mark a year-over-year decline of 32.13%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.46 billion, down 5.4% from the year-ago period.
ACGL's full-year Zacks Consensus Estimates are calling for earnings of $9.44 per share and revenue of $17.7 billion. These results would represent year-over-year changes of -4.07% and -5.81%, respectively.
Any recent changes to analyst estimates for Arch Capital Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. As of now, Arch Capital Group holds a Zacks Rank of #3 (Hold).
In the context of valuation, Arch Capital Group is at present trading with a Forward P/E ratio of 10.18. This valuation marks a discount compared to its industry average Forward P/E of 11.39.
Meanwhile, ACGL's PEG ratio is currently 4.73. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty industry had an average PEG ratio of 1.73 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 27% of all 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.