Preview Of Arch Capital Group Ltd. (NASDAQ:ACGL) 2Q20 Earnings

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Arch Capital Group Ltd. (NASDAQ:ACGL) is reporting second quarter earnings results on Wednesday 29th July 2020, after market close.

The consensus estimates from Thomson Reuters are loss of $ 0.23 per share.

For the full year, analysts predict revenues of $ 6971.77 million, while looking forward to income of $ 0.55 per share.

Previous Quarter Performance

Arch Capital Group Ltd. announced income for the first quarter of $ 0.46 per share, from the revenue of $ 1,744.00 million. The quarterly earnings shrunk 31.34 percent while revenues surged 36.28 percent compared with the same quarter last year.
Wall street analysts are predicting, ACGL to report 1Q20 income of $ 0.44 per share from revenue of $ 1568.19 million. The bottom line results beat street analysts by $ 0.02 or 4.55 percent, at the same time, top line results outshined analysts by $ 175.81 million or 11.21 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of Arch Capital Group Ltd.

Stock Performance

According to the previous trading day, closing price of ACGL was $ 30.10, representing a 43.81 % increase from the 52 week low of $ 20.93 and a 37.71 % decrease over the 52 week high of $ 48.32.

The company has a market capital of $ 12.21 billion and is part of the Financial Services sector and Insurance – Diversified industry.

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Recent Analyst recommendations

  • On 15th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 30.00 target price.
  • On 11th June 2020, maintained by RBC Capital at Outperform rating, with $ 39.00 target price.

Arch Capital Group Ltd., together with its subsidiaries, provides property, casualty, and mortgage insurance and reinsurance products worldwide. The companys Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors and officers liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers compensation and umbrella liability, as well as commercial automobile and inland marine products. It also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; employers liability insurance coverages; and contract and commercial surety coverages.