Mgic Investment Corp Expected To Post Earnings Of 66 Cents A Share: Earnings Preview

MGIC Investment

02/11/2024 04:08

* MGIC Investment Corp  MTG.N   MTG  is expected to show a
rise in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The Milwaukee Wisconsin-based  company is expected to
report a
3.2% increase in revenue to $306.022 million from $296.51
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue.)
    * ​LSEG's mean analyst estimate for MGIC Investment Corp is
for
earnings of 66 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $28.00​, above​ its last closing price of $23.56. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.63        0.64       0.77      Beat    21.2
 Jan. 1 2024   0.60        0.60       0.65      Beat    7.5
 Dec. 31 2023  0.56        0.57       0.67      Beat    18.5​
 Sep. 30 2023  0.57        0.56       0.64      Beat    13.7
 ​​Jan.        0.54        0.53       0.68      Beat    27.5
 1 0001                                                 
 Jan. 1 0001   0.50        0.50       0.54      Beat    7.3​
 Dec. 31 2022  0.53        0.53       0.65      Beat    23.7
 Jan. 1 0001   0.53        0.53       0.86      Beat    63.7
 This summary was machine generated November 2 at 04:07 GMT.  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)