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

Radian

07/02/2024 23:41

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
96 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.05.  The mean expectation of nine analysts for the quarter
was for earnings of 87 cents per share. Wall Street expected
results to range from 74 cents to 98 cents per share.
    * Revenue fell 0.1% to $232.65 million from a year ago;
analysts
expected $254.58 million. 
    * Radian Group Inc's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $142.69
million.
    * Radian Group Inc shares had risen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for Radian Group Inc
is $30.00 
This summary was machine generated from LSEG data February 7 at
11:41 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
 Dec. 31 2023      0.87           0.96           Beat
 Sep. 30 2023      0.81           1.04           Beat
 Jun. 30 2023      0.78           0.91           Beat
 Mar. 31 2023      0.75           0.98           Beat