Essent Group Ltd reports results for the quarter ended in December - Earnings Summary

Essent

09/02/2024 14:32

* Essent Group Ltd  ESNT.N  reported quarterly adjusted
earnings
of $1.64​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $1.37.  The mean expectation of eleven analysts for the
quarter was for earnings of $1.59 per share. Wall Street
expected results to range from $1.54  to $1.63 per share.
    * Revenue rose 29.2% to $297.28 million from a year ago;
analysts
expected $286.18 million. 
    * Essent Group Ltd's reported EPS for the quarter was
$1.64​.
    * The company reported quarterly net income of $175.37
million.
    * Essent Group Ltd shares had risen by 0.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Essent Group Ltd
is $58.00 
This summary was machine generated from LSEG data February 9 at
02:31 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
 Dec. 31 2023      1.59           1.64           Beat
 Sep. 30 2023      1.57           1.66           Beat
 Jun. 30 2023      1.51           1.61           Beat
 Mar. 31 2023      1.45           1.59           Beat