NMI Holdings Inc reports results for the quarter ended in June - Earnings Summary

NMI Holdings

30/07/2024 22:22

* NMI Holdings Inc  NMIH.OQ  reported quarterly adjusted
earnings
of $1.20​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 95
cents.  The mean expectation of ten analysts for the quarter was
for earnings of $1.05 per share. Wall Street expected results to
range from $1.00  to $1.09 per share.
    * Revenue rose 12.1% to $141.17 million from a year ago;
analysts
expected $141.88 million. 
    * NMI Holdings Inc's reported EPS for the quarter was
$1.13​.
    * The company reported quarterly net income of $92.08
million.
    * NMI Holdings Inc shares had risen by 15.7% this
quarter and
gained 32.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for NMI Holdings Inc
is $37.00 
This summary was machine generated from LSEG data July 30 at
09:21 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
 Jun. 30 2024      1.05           1.20           Beat
 Mar. 31 2024      0.99           1.08           Beat
 Dec. 31 2023      0.96           1.01           Beat
 Sep. 30 2023      0.92           1.00           Beat