Radian Group Inc expected to post earnings of 87 cents a share - Earnings Preview

Radian

05/02/2024 22:00

* Radian Group Inc  RDN.N   RDN  is expected to show a rise
in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Wayne Pennsylvania-based  company is expected to
report a
9.3% increase in revenue to $254.576 million from $232.83
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales/Revenue Majority basis is
based on Net Premiums Earned)
    * ​LSEG's mean analyst estimate for Radian Group Inc is for
earnings of 87 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Radian
Group Inc
is $30.00​, above​ its last closing price of $29.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.82        0.81       1.04      Beat    28.9
 Jun. 30 2023  0.79        0.78       0.91      Beat    16.6
 Mar. 31 2023  0.75        0.75       0.98      Beat    30.3​
 Dec. 31 2022  0.76        0.75       1.05      Beat    40.1
 ​​Sep.        0.77        0.77       1.31      Beat    70.4
 30 2022                                                
 Jun. 30 2022  0.77        0.76       1.36      Beat    78.6​
 Mar. 31 2022  0.77        0.76       1.17      Beat    53.4
 Dec. 31 2021  0.69        0.69       1.07      Beat    55
 This summary was machine generated February 5 at 22:00 GMT.  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)