Enact Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Enact Holdings

07/11/2024 14:15

* Enact Holdings Inc  ACT.OQ  reported quarterly adjusted
earnings
of $1.15​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.02.  The mean expectation of six analysts for the quarter
was for earnings of $1.00 per share. Wall Street expected
results to range from 84 cents to $1.12 per share.
    * Revenue rose 3.5% to $309.59 million from a year ago;
analysts
expected $305.93 million. 
    * Enact Holdings Inc's reported EPS for the quarter was
$1.16​.
    * The company reported quarterly net income of $180.67
million.
    * Enact Holdings Inc shares had fallen by 6.3% this
quarter and
gained 17.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 3 "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 $38.00 
This summary was machine generated from LSEG data November 7 at
02:15 p.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
 Sep. 30 2024                     1.15           
 Jun. 30 2024      0.99           1.27           Beat
 Mar. 31 2024      0.96           1.04           Beat
 Dec. 31 2023      0.92           0.98           Beat