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

MGIC Investment

02/11/2022 22:33

* MGIC Investment Corp  MTG.N  reported quarterly adjusted
earnings of 86 cents​​ per share for the quarter ended in
September. The mean expectation of nine analysts for the quarter
was for earnings of 53 cents per share.
    * Revenue fell 1% to $292.80 million from a year ago;
analysts
expected $298.87 million. 
    * MGIC Investment Corp's reported EPS for the quarter was 81
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * MGIC Investment Corp shares had risen by 6.5% this
quarter and
lost 5.3% so far this year.
    * The company reported quarterly net income of $249.63
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 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
2 at 10:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.53           0.86           Beat
 Jun. 30 2022      0.50           0.82           Beat
 Mar. 31 2022      0.49           0.60           Beat
 Dec. 31 2021      0.44           0.61           Beat