Mgic Investment Corp Reports Results For The Quarter Ended December 31: Earnings Summary

MGIC Investment

03/02/2025 22:02

* MGIC Investment Corp  MTG.N  reported quarterly adjusted
earnings of 72 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 67 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 65 cents to 69
cents per share.
    * Revenue rose 6.2% to $301.44 million from a year ago;
analysts
expected $303.53 million. 
    * MGIC Investment Corp's reported EPS for the quarter was 72
cents​.
    * The company reported quarterly net income of $184.7
million.
    * MGIC Investment Corp shares had risen by 7.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for MGIC Investment
Corp is $25.00 
This summary was machine generated from LSEG data February 3 at
10:02 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.67           0.72           Beat
 Sep. 30 2024      0.66           0.77           Beat
 Jun. 30 2024      0.64           0.77           Beat
 Mar. 31 2024      0.60           0.65           Beat