Enact Holdings Inc reports results for the quarter ended in December - Earnings Summary

Enact Holdings

07/02/2024 03:15

* Enact Holdings Inc  ACT.OQ  reported quarterly adjusted
earnings
of 98 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 88 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 92 cents per
share. Wall Street expected results to range from 83 cents to 99
cents per share.
    * Revenue rose 7% to $296.19 million from a year ago;
analysts
expected $297.41 million. 
    * Enact Holdings Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $157.31
million.
    * Enact Holdings Inc shares had fallen by 4.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Enact Holdings
Inc is $30.00 
This summary was machine generated from LSEG data February 7 at
03:15 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.92           0.98           Beat
 Sep. 30 2023      0.89           1.02           Beat
 Jun. 30 2023      0.84           1.04           Beat
 Mar. 31 2023      0.80           1.08           Beat