Earnings from Arch Capital Group Ltd. [ACGL] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
ACGL Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.45 per share on revenue of $2.3B. Taking a look at the future, the company is projected to report revenue of $1.84B at an earnings per share of $0.78 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 10.40% in revenue and 31.86% in earnings per share for the company.
ACGL Stock Earnings Forecast For The Current Year
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For the full financial year, Arch Capital Group Ltd. [NASDAQ:ACGL] is forecasted to generate revenue of $8.04B. The figure is about $1.14 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.81 in 2021, which is $1.45 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 106.60% this year, 32.00% next year, and 45.11% annually over the next five years. With regard to sales, forecasts suggest an incline of 16.60% in current fiscal year and 10.40% over following year.
ACGL Stock Price Performance
At a recent check today, Arch Capital Group Ltd. [NASDAQ:ACGL] finished up 0.65% at $40.41. The stock’s day high price was $40.43, and its lowest was $39.94. Its price rose 1.13% in the last five days. Since the beginning of the year, Arch Capital Group Ltd.’s shares are up nearly 11.31%. However, the share price is -0.64% below its one year high. The top price reached by the shares of the company was $40.67 on 04/16/21, while the 52-week low came on 01/29/21, when the shares were $31.23. In the past year, shares of the company have risen 69.84%. At 50 days, the moving average achieved is $37.89 while at 200 days, the moving average is $33.73. There were 0.22 million shares traded in the last session, down from 1.04 million in the previous session.
Arch Capital Group Ltd. [NASDAQ:ACGL] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 12.06, Arch Capital Group Ltd. [ACGL] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 13.67 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.92 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.21 for the industry, which means ACGL offers an unattractive investment opportunity than its competitors do.
ACGL Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 40.38 level, and the violation of this level will cause a further drop to 39.92 level. At the upper end, 40.90 remains a key resistance. As the stock increases, it may find resistance at 40.66. In the 14-day chart, the Relative Strength Index standing at 63.85 suggests a technical neutral stance while the MACD standing at 0.21 indicates price will decrease in the next trading period. Stochastic %K at 69.53% suggests holding the stock while Percent R indicator at 17.79% suggests bullish price movement.
How much is the short interest in Arch Capital Group Ltd.?
There have been a drop in short interest in the Arch Capital Group Ltd. Financial stock, with short interest up by 0.77 million shares to 3.42 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 4.19 million shares. This -22.51% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.08% of the overall float in the stock, while the stock’s days to cover moved to 1.65.
How do analysts view Arch Capital Group Ltd.?
In regard to the share price forecast for Arch Capital Group Ltd. stock, the analysts, as surveyed by FactSet, forecast the price to reach $45.00 in the next twelve months, representing almost an 10.2% growth from its recent price of $40.41. Among Arch Capital Group Ltd. stock projections, $60.00 is the highest analyst target for the stock, while $38.00 is the lowest. Despite this, 12 analysts who share their consensus rating for ACGL in 2021 agree that the stock is an Overweight. The latest rating change took place on 1/19/21, when JMP Securities Ratings upgraded the stock from “Market Perform” to “Market Outperform.”