Mgic Investment Corp Expected To Post Earnings Of 53 Cents A Share: Earnings Preview

MGIC Investment

31/07/2023 22:15

* MGIC Investment Corp  MTG.N   MTG  is expected to show a
fall in
quarterly revenue when it reports  results on August 2. 
    * The Milwaukee Wisconsin-based  company is expected to
report  a
0.2% decrease in revenue to $292.509 million from $293.12
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 53 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 MGIC
Investment
Corp is $18​, above​ its last closing price of $16.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.50        0.50       0.54      Beat    7.3
 Dec. 31 2023  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.        0.49        0.49       0.60      Beat    23
 31 2022                                                
 Dec. 31 2021  0.45        0.44       0.61      Beat    38.8​
 Sep. 30 2021  0.45        0.45       0.46      Beat    2.9
 Jun. 30 2021  0.43        0.43       0.44      Beat    3.3
 This summary was machine generated July 31 at 21:15 GMT.  All
figures in US dollars  unless otherwise stated