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

Radian

03/08/2023 06:33

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
91 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 78 cents per share.
    * Revenue fell 15.9% to $213.43 million from a year ago;
analysts
expected $259.15 million. 
    * Radian Group Inc's reported EPS for the quarter was 91
cents​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Radian Group Inc shares had risen by 6.8% this quarter and
gained 41.6% so far this year.
    * The company reported quarterly net income of $146.09
million.
    * Wall Street's median 12-month price target for Radian
Group Inc
is $26.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 05:32 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.78           0.91           Beat
 Mar. 31 2023      0.75           0.98           Beat
 Dec. 31 2022      0.75           1.05           Beat
 Sep. 30 2022      0.77           1.31           Beat