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

Enact Holdings

01/11/2022 22:35

* Enact Holdings Inc  ACT.OQ  reported quarterly adjusted
earnings
of $1.17​​ per share for the quarter ended in September. The
mean expectation of eight analysts for the quarter was
for earnings of 87 cents per share.
    * Revenue fell 1.9% to $275.08 million from a year ago;
analysts
expected $274.86 million. 
    * Enact Holdings Inc's reported EPS for the quarter was
$1.17​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Enact Holdings Inc shares had risen by 15.7% this
quarter and
gained 24.0% so far this year.
    * The company reported quarterly net income of $190.9
million.
    * Wall Street's median 12-month price target for Enact
Holdings
Inc is $25.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
1 at 10:35 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.87           1.17           Beat
 Jun. 30 2022      0.86           1.25           Beat
 Mar. 31 2022      0.84           1.01           Beat
 Dec. 31 2021      0.83           0.94           Beat