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

Enact Holdings

03/05/2024 10:02

* Enact Holdings Inc  ACT.OQ  reported quarterly adjusted
earnings
of $1.04​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$1.08.  The mean expectation of seven analysts for the quarter
was for earnings of 96 cents per share. Wall Street expected
results to range from 88 cents to $1.04 per share.
    * Revenue rose 3.8% to $291.58 million from a year ago;
analysts
expected $294.12 million. 
    * Enact Holdings Inc's reported EPS for the quarter was
$1.01​.
    * The company reported quarterly net income of $160.99
million.
    * Enact Holdings Inc shares had fallen by 3.8% this
quarter and
gained 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Enact
Holdings
Inc is $35.00 

This summary was machine generated from LSEG data May 3 at 09:02
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
 Mar. 31 2024      0.96           1.04           Beat
 Dec. 31 2023      0.92           0.98           Beat
 Sep. 30 2023      0.89           1.02           Beat
 Jun. 30 2023      0.84           1.04           Beat