On Wednesday 30th October 2024, Arch Capital Group Ltd. (NASDAQ: ACGL) will release its highly anticipated third quarter financial results. This important announcement is scheduled to occur after market close.
In accordance with the predictions of financial analysts on Wall Street, the establishment is on track to report an expected per share of $1.95 profit for the quarter. Furthermore, the firm is projected to disclose a total revenue of $3.9 billion for this quarter.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $2.31. This notable figure was achieved due to the company's impressive total revenue of $3.25 billion recorded during that specific period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $16.04 billion. Additionally, they predict that the earnings per share for the company will hit profit of $9.04 by the end of the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.57 | +33.9% | 3.57 B | +20.2% |
| Q1 2024 | $2.45 | +41.6% | 3.42 B | +18.7% |
| Q4 2023 | $2.49 | +16.4% | 3.34 B | +21.1% |
| Q3 2023 | $2.31 | +725.0% | 3.25 B | +31.4% |
| Q2 2023 | $1.92 | +43.3% | 2.97 B | +27.5% |
| *Growth on year-over-year basis | ||||
ACGL will host a conference call with investment community on 31st October 2024 at 11:00 AM eastern time to discuss the financial results.
During Monday's trading, Arch Capital Group Ltd. (ACGL) shares reached a low of $105.40 and a high of $106.34, along with a total volume of 1.22 million shares. The stock ended the regular trading session at $105.66, showing a gain of 0.34 percent.
