Essent Group Ltd expected to post earnings of $1.59 a share - Earnings Preview

Essent

01/05/2024 14:54

* Essent Group Ltd  ESNT.N   ESNT.K  is expected to show a
rise in
quarterly revenue when it reports  results on May 3 for the
period ending March 31 2024
    * The Hamilton Bermuda-based   company is expected to report
a
16.5% increase in revenue to $298.624 million from $256.25
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Sales/Revenue majority is based
on Total/Net Revenue)
    * ​LSEG's mean analyst estimate for Essent Group Ltd is for
earnings of $1.59 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Essent
Group Ltd
is $63.00​, above​ its last closing price of $52.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.60        1.59       1.64      Beat    3.1
 Sep. 30 2023  1.60        1.57       1.66      Beat    5.8
 Jun. 30 2023  1.51        1.51       1.61      Beat    6.6​
 Mar. 31 2023  1.45        1.45       1.59      Beat    9.9
 ​​Dec.        1.49        1.48       1.37      Missed  -7.3
 31 2022                                                
 Sep. 30 2022  1.52        1.51       1.66      Beat    10.3​
 Jun. 30 2022  1.54        1.51       2.16      Beat    43.1
 Jan. 1 0001   1.45        1.46       2.52      Beat    72.9
 This summary was machine generated May 1 at 13:54 GMT.  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)