Arch Capital Group Ltd. (NASDAQ:ACGL) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.16 per share.
Looking ahead, the full year income are expected at $ 1.09 per share on the revenues of $ 6741.43 million.
Previous Quarter Performance
Arch Capital Group Ltd. reported income for the second quarter of $ 0.04 per share, from the revenue of $ 1,665.00 million. The quarterly earnings fell 94.81 percent while revenues gained 25.61 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.23 per share from $ 1616.98 million in revenue. The bottom line results beat street analysts by $ 0.27 or 117.39 percent, at the same time, top line results outshined analysts by $ 48.02 million or 2.97 percent.
Stock Performance
Shares of Arch Capital Group Ltd. traded up $ 0.24 or 0.82 percent on Wednesday, reaching $ 29.45 with volume of 2.21 million shares. Arch Capital Group Ltd. has traded high as $ 29.68 and has cracked $ 28.69 on the downward trend
According to the previous trading day, closing price of $ 29.45, representing a 39.56 % increase from the 52 week low of $ 20.93 and a 39.55 % decrease over the 52 week high of $ 48.32.
The company has a market capital of $ 11.96 billion and is part of the Financial Services sector and Insurance – Diversified industry.
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.
