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

Essent

02/11/2023 13:32

* Essent Group Ltd  ESNT.N  reported quarterly adjusted
earnings
of $1.66​​ per share for the quarter ended in September,
identical to the same quarter last year.  The mean expectation
of nine analysts for the quarter was for earnings of $1.57 per
share. Wall Street expected results to range from $1.48 
to $1.66 per share.
    * Revenue rose 13.1% to $296.11 million from a year ago;
analysts
expected $265.48 million. 
    * Essent Group Ltd's reported EPS for the quarter was
$1.66​.
    * The company reported quarterly net income of $177.96
million.
    * Essent Group Ltd shares had risen by 1.1% this quarter and
gained 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
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 7 "strong buy" or "buy," 2
"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 $56.50 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.57           1.66           Beat
 Jun. 30 2023      1.51           1.61           Beat
 Mar. 31 2023      1.45           1.59           Beat
 Dec. 31 2022      1.48           1.37           Missed