Published on 7 May 2024 on Zacks via Yahoo Finance
Have you been paying attention to shares of Arch Capital Group (ACGL)? Shares have been on the move with the stock up 2.7% over the past month. The stock hit a new 52-week high of $97.17 in the previous session. Arch Capital Group has gained 30.8% since the start of the year compared to the 2.4% move for the Zacks Finance sector and the 13.7% 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 hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 29, 2024, Arch Capital reported EPS of $2.45 versus consensus estimate of $2.06 while it missed the consensus revenue estimate by 0.24%.