Mgic Investment Corp Expected To Post Earnings Of 50 Cents A Share: Earnings Preview

MGIC Investment

02/05/2023 03:02

* MGIC Investment Corp  MTG.N   MTG  is expected to show a
fall in
quarterly revenue when it reports  results on May 3. 
    * The Milwaukee Wisconsin-based  company is expected to
report  a
1.0% decrease in revenue to $291.551 million from $294.62
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for MGIC Investment
Corp is
for earnings of 50 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"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 MGIC
Investment
Corp is $17​, above​ its last closing price of $14.92. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.53        0.53       0.65      Beat    23.7
 Sep. 30 2022  0.53        0.53       0.86      Beat    63.7
 Jun. 30 2022  0.51        0.50       0.82      Beat    64.7​
 Mar. 31 2022  0.49        0.49       0.60      Beat    23
 ​​Dec.        0.45        0.44       0.61      Beat    38.8
 31 2021                                                
 Sep. 30 2021  0.45        0.45       0.46      Beat    2.9​
 Jun. 30 2021  0.43        0.43       0.44      Beat    3.3
 Mar. 31 2021  0.42        0.42       0.43      Beat    3
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated