Radian Group Inc expected to post earnings of 90 cents a share - Earnings Preview

Radian

30/07/2024 01:11

* Radian Group Inc  RDN.N   RDN  is expected to show a rise
in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Wayne Pennsylvania-based  company is expected to
report a
11.5% increase in revenue to $237.929 million from $213.43
million a year ago, according to the mean estimate from 3
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 90 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 $34.00​, below​ its last closing price of $36.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.84        0.84       1.03      Beat    22.6
 Dec. 31 2024  0.87        0.87       0.96      Beat    11
 Sep. 30 2023  0.82        0.81       1.04      Beat    28.9​
 Jun. 30 2023  0.79        0.78       0.91      Beat    16.6
 ​​Jan.        0.75        0.75       0.98      Beat    30.3
 1 0001                                                 
 Dec. 31 2022  0.76        0.75       1.05      Beat    40.1​
 Sep. 30 2022  0.77        0.77       1.31      Beat    70.4
 Jun. 30 2022  0.77        0.76       1.36      Beat    78.6
 This summary was machine generated July 30 at 00:11 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)