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

MGIC Investment

03/05/2023 23:28

* MGIC Investment Corp  MTG.N  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue fell 3.6% to $283.97 million from a year ago;
analysts
expected $291.55 million. 
    * MGIC Investment Corp's reported EPS for the quarter was 53
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * MGIC Investment Corp shares had risen by 8.6% this
quarter and
gained 12.1% so far this year.
    * The company reported quarterly net income of $154.55
million.
    * Wall Street's median 12-month price target for MGIC
Investment
Corp is $17.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 10:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.50           0.54           Beat
 Dec. 31 2022      0.53           0.65           Beat
 Sep. 30 2022      0.53           0.86           Beat
 Jun. 30 2022      0.50           0.82           Beat