Mgic Investment Corp Expected To Post Earnings Of 56 Cents A Share: Earnings Preview

MGIC Investment

28/10/2023 03:01

* MGIC Investment Corp  MTG.N   MTG  is expected to show a
rise in
quarterly revenue when it reports  results on October 31. 
    * The Milwaukee Wisconsin-based  company is expected to
report  a
1.2% increase in revenue to $296.295 million from $292.8 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for MGIC Investment
Corp is
for earnings of 56 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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 $20​, above​ its last closing price of $16.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.54        0.53       0.68      Beat    27.5
 Mar. 31 2023  0.50        0.50       0.54      Beat    7.3
 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.        0.51        0.50       0.82      Beat    64.7
 30 2022                                                
 Mar. 31 2022  0.49        0.49       0.60      Beat    23​
 Dec. 31 2021  0.45        0.44       0.61      Beat    38.8
 Sep. 30 2021  0.45        0.45       0.46      Beat    2.9
 This summary was machine generated October 28 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated