There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Argo Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Īrgo Group shares have added about 13.7% since the beginning of the year versus the S&P 500's gain of 7.7%. The company has not been able to beat consensus revenue estimates over the last four quarters. This compares to year-ago revenues of $518.3 million. Over the last four quarters, the company has surpassed consensus EPS estimates just once.Īrgo Group, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $419.6 million for the quarter ended March 2023, missing the Zacks Consensus Estimate by 9.16%.
A quarter ago, it was expected that this property and casualty insurance underwriter would post a loss of $1.62 per share when it actually produced a loss of $2.69, delivering a surprise of -66.05%. This quarterly report represents an earnings surprise of -138.75%. These figures are adjusted for non-recurring items.
This compares to earnings of $1.24 per share a year ago.
Argo Group ( ARGO Quick Quote ARGO - Free Report) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of $0.80.
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