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ESNT — Essent News Story

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Essent Group Ltd reports results for the quarter ended June 30 - Earnings Summary

Essent Group Ltd ESNT.N reported quarterly adjusted earnings of $1.93​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.91.  The mean expectation of eight analysts for the quarter was for earnings of $1.72 per share. Wall Street expected results to range from $1.62  to $1.75 per share.

Revenue rose 2% to $317.56 million from a year ago; analysts expected $317.85 million.

Essent Group Ltd's reported EPS for the quarter was $1.69​.

The company reported quarterly net income of $195.34 million.

Essent Group Ltd shares had fallen by 6.1% this quarter and gained 4.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.1% 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 4 "strong buy" or "buy," 5 "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 $65.00, about 12.3% above its last closing price of $57.02

This summary was machine generated from LSEG data August 8 at 01:30 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20251.721.69Missed
Mar. 31 20251.651.58Missed
Sep. 30 20241.731.58Missed
Jun. 30 20241.731.91Beat

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