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

Radian

31/07/2024 23:49

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
99 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 91
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 90 cents per share. Wall Street expected
results to range from 87 cents to 95 cents per share.
    * Revenue rose 11.4% to $237.73 million from a year ago;
analysts
expected $237.93 million. 
    * Radian Group Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $151.9
million.
    * Radian Group Inc shares had risen by 19.5% this
quarter and
gained 30.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
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 $34.00 
This summary was machine generated from LSEG data July 31 at
10:49 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
 Jun. 30 2024      0.90           0.99           Beat
 Mar. 31 2024      0.84           1.03           Beat
 Dec. 31 2023      0.87           0.96           Beat
 Sep. 30 2023      0.81           1.04           Beat