Argo Historical Income Statement
| ARGD Stock | USD 22.08 0.24 1.10% |
Historical analysis of Argo Group income statement accounts such as Total Revenue of 1.6 B, Gross Profit of 1.6 B or Other Operating Expenses of 48.9 M can show how well Argo Group 65 performed in making a profits. Evaluating Argo Group income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Argo Group's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Argo Group 65 latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Argo Group 65 is a good buy for the upcoming year.
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About Argo Income Statement Analysis
Argo Group 65 Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Argo Group shareholders. The income statement also shows Argo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Argo Group Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Argo Group 65 generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Argo Group 65 minus its cost of goods sold. It is profit before Argo Group operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Argo Group 65. It is also known as Argo Group overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Argo Group's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Argo Group 65 current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group 65. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At present, Argo Group's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 1.8 B, whereas Total Revenue is forecasted to decline to about 1.6 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 2.1B | 1.8B | 2.0B | 1.6B | Interest Expense | 21.6M | 26.8M | 30.8M | 26.6M |
Argo Group income statement Correlations
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Argo Group Account Relationship Matchups
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Argo Group income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 33.6M | 26.9M | 21.6M | 26.8M | 30.8M | 26.6M | |
| Total Revenue | 2.0B | 1.9B | 2.1B | 1.8B | 2.0B | 1.6B | |
| Gross Profit | 2.0B | 1.9B | 2.1B | 1.8B | 2.0B | 1.6B | |
| Other Operating Expenses | 2.0B | 1.9B | 43.7M | 1.9B | 51.5M | 48.9M | |
| Operating Income | 200K | (46.4M) | 5.3M | (150.9M) | 1.7B | 1.8B | |
| Ebit | 200K | (46.4M) | 5.3M | (150.9M) | 1.7B | 1.8B | |
| Ebitda | 200K | (13.4M) | 5.3M | (132.4M) | 1.7B | 1.8B | |
| Total Operating Expenses | (2.0B) | (1.9B) | 43.7M | 51.5M | 46.4M | 48.7M | |
| Income Before Tax | 200K | (46.4M) | 5.3M | (183.2M) | (210.7M) | (200.1M) | |
| Net Income | (8.4M) | (54.1M) | 6.7M | (191.2M) | (185.7M) | (176.4M) | |
| Income Tax Expense | 8.6M | 7.7M | (1.4M) | 8M | (8M) | (7.6M) | |
| Net Income From Continuing Ops | 50.3M | 71.8M | 8.8M | (54.1M) | (48.7M) | (46.3M) | |
| Net Income Applicable To Common Shares | 50.3M | 63.6M | (8.4M) | (58.7M) | (52.8M) | (50.2M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Argo Group 65 is a strong investment it is important to analyze Argo Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Argo Group's future performance. For an informed investment choice regarding Argo Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argo Group 65. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Argo Group. If investors know Argo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Argo Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Argo Group 65 is measured differently than its book value, which is the value of Argo that is recorded on the company's balance sheet. Investors also form their own opinion of Argo Group's value that differs from its market value or its book value, called intrinsic value, which is Argo Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Argo Group's market value can be influenced by many factors that don't directly affect Argo Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Argo Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argo Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argo Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.