Earnings Outlook For Arch Capital Group
Portfolio Pulse from Benzinga Insights
Arch Capital Group (NASDAQ:ACGL) is expected to report an EPS of $2.02 in its upcoming quarterly earnings on 2024-02-14. Historically, the company has surpassed EPS estimates, leading to positive stock price movements. Shares are currently trading at $83.1, reflecting a 22.24% increase over the last 52 weeks. Investors are optimistic but will focus on the company's guidance for future growth.
February 13, 2024 | 2:00 pm
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Arch Capital Group is anticipated to report a quarterly EPS of $2.02 on 2024-02-14, with a history of surpassing estimates. The stock has seen a 22.24% increase over the past year, indicating positive investor sentiment.
Given Arch Capital Group's history of surpassing EPS estimates and the subsequent positive stock price reactions, it is likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data suggests that beating the EPS estimate has a positive impact on the stock price, and the current positive trend in the stock price over the past year further supports investor optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100