Mgic Investment Corp Reports Results For The Quarter Ended In June: Earnings Summary

MGIC Investment

02/08/2023 22:54

* MGIC Investment Corp  MTG.N  reported quarterly adjusted
earnings of 68 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 53 cents per share.
    * Revenue fell 0.8% to $290.68 million from a year ago;
analysts
expected $292.51 million. 
    * MGIC Investment Corp's reported EPS for the quarter was 66
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * MGIC Investment Corp shares had risen by 6.1% this
quarter and
gained 28.9% so far this year.
    * The company reported quarterly net income of $191.05
million.
    * Wall Street's median 12-month price target for MGIC
Investment
Corp is $18.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.53           0.68           Beat
 Mar. 31 2023      0.50           0.54           Beat
 Dec. 31 2022      0.53           0.65           Beat
 Sep. 30 2022      0.53           0.86           Beat