Arch Capital Group (ACGL) Surpasses Q1 Earnings Estimates

Company Performance - Arch Capital Group (ACGL) reported quarterly earnings of $2.45 per share, exceeding the Zacks Consensus Estimate of $2.06 per share, and up from $1.73 per share a year ago, representing an earnings surprise of 18.93% [1] - The company posted revenues of $3.76 billion for the quarter ended March 2024, slightly missing the Zacks Consensus Estimate by 0.24%, compared to $3.09 billion in the same quarter last year [1] - Over the last four quarters, Arch Capital has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Stock Performance - Arch Capital shares have increased approximately 22.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 6.9% [2] - The current consensus EPS estimate for the upcoming quarter is $2.11 on revenues of $3.84 billion, and for the current fiscal year, it is $8.03 on revenues of $15.67 billion [4] Industry Outlook - The Insurance - Property and Casualty industry, to which Arch Capital belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable outlook [5] - American Financial Group (AFG), another company in the same industry, is expected to report quarterly earnings of $2.77 per share, reflecting a year-over-year decline of 4.2%, with revenues anticipated to be $1.89 billion, up 5.3% from the previous year [5][6]