Enact Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
01/05/2025 01:37
Enact Holdings Inc ACT.OQ reported quarterly adjusted earnings of $1.10 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.04. The mean expectation of six analysts for the quarter was for earnings of $1.08 per share. Wall Street expected results to range from $1.04 to $1.15 per share. Revenue rose 5.2% to $306.78 million from a year ago; analysts expected $302.24 million. Enact Holdings Inc's reported EPS for the quarter was $1.08. The company reported quarterly net income of $165.78 million. Enact Holdings Inc shares had risen by 2.2% this quarter and gained 9.6% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 0.4% 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 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 $38.50 This summary was machine generated from LSEG data May 1 at 12:36 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 2025 | 1.08 | 1.10 | Beat |
| Dec. 31 2024 | 1.04 | 1.09 | Beat |
| Sep. 30 2024 | 1.00 | 1.16 | Beat |
| Jun. 30 2024 | 0.99 | 1.27 | Beat |