Radian Group Inc reports results for the quarter ended in December - Earnings Summary

Radian

09/02/2023 24:04

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
$1.05​​ per share for the quarter ended in December. The mean
expectation of nine analysts for the quarter was for earnings of
75 cents per share.
    * Revenue fell 10.9% to $232.83 million from a year ago;
analysts
expected $243.02 million. 
    * Radian Group Inc's reported EPS for the quarter was
$1.01​.
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Radian Group Inc shares had risen by 17.4% this quarter.
    * The company reported quarterly net income of $162.33
million.
    * Wall Street's median 12-month price target for Radian
Group Inc
is $23.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
9 at 12:04 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.75           1.05           Beat
 Sep. 30 2022      0.77           1.31           Beat
 Jun. 30 2022      0.76           1.36           Beat
 Mar. 31 2022      0.76           1.17           Beat