Published on 26 Apr 2024 on Zacks via Yahoo Finance

Should Arch Capital (ACGL) Be in Your Kitty Before Q1 Earnings?

Arch Capital Group Ltd. ACGL is set to report first-quarter 2024 earnings on Apr 29, after market close. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $1.96 on revenues of $3.8 billion. The top- and bottom-line estimates imply year-over-year improvements of 19.1% and 22%, respectively.Per our proven model, stocks with a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) are likely to beat on earnings. At present, Arch Capital has an Earnings ESP of -1.21%% and a Zacks Rank of 3. Hence, it is presumed that Arch Capital is unlikely to beat estimates this earnings season.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Price Performance

Year to date, shares of Arch Capital have rallied 25.5% compared with the industry’s 15.1% increase, the Finance sector's 2.1% rise and the Zacks S&P 500 composite’s increase of 6.6%.