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Arch Capital Group (ACGL) Stock Declines While Market Improves: Some Information for Investors
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Arch Capital Group (ACGL - Free Report) closed the most recent trading day at $95.78, moving -1.15% from the previous trading session. This move lagged the S&P 500's daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Heading into today, shares of the property and casualty insurer had lost 2.52% over the past month, lagging the Finance sector's loss of 2.25% and the S&P 500's gain of 0.1%.
The upcoming earnings release of Arch Capital Group will be of great interest to investors. It is anticipated that the company will report an EPS of $1.88, marking a 32.13% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.46 billion, indicating a 5.4% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.44 per share and a revenue of $17.7 billion, indicating changes of -4.07% and -5.81%, respectively, from the former year.
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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Currently, Arch Capital Group is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Arch Capital Group has a Forward P/E ratio of 10.26 right now. This signifies a discount in comparison to the average Forward P/E of 11.27 for its industry.
Meanwhile, ACGL's PEG ratio is currently 4.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ACGL's industry had an average PEG ratio of 1.72 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Arch Capital Group (ACGL) Stock Declines While Market Improves: Some Information for Investors
Arch Capital Group (ACGL - Free Report) closed the most recent trading day at $95.78, moving -1.15% from the previous trading session. This move lagged the S&P 500's daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Heading into today, shares of the property and casualty insurer had lost 2.52% over the past month, lagging the Finance sector's loss of 2.25% and the S&P 500's gain of 0.1%.
The upcoming earnings release of Arch Capital Group will be of great interest to investors. It is anticipated that the company will report an EPS of $1.88, marking a 32.13% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.46 billion, indicating a 5.4% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.44 per share and a revenue of $17.7 billion, indicating changes of -4.07% and -5.81%, respectively, from the former year.
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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Currently, Arch Capital Group is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Arch Capital Group has a Forward P/E ratio of 10.26 right now. This signifies a discount in comparison to the average Forward P/E of 11.27 for its industry.
Meanwhile, ACGL's PEG ratio is currently 4.77. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ACGL's industry had an average PEG ratio of 1.72 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.