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

Radian

04/05/2023 19:27

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
98 cents​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for earnings of
75 cents per share.
    * Revenue fell 8.2% to $233.24 million from a year ago;
analysts
expected $243.95 million. 
    * Radian Group Inc's reported EPS for the quarter was 98
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Radian Group Inc shares had risen by 7.1% this quarter and
gained 24.2% so far this year.
    * The company reported quarterly net income of $157.76
million.
    * Wall Street's median 12-month price target for Radian
Group Inc
is $24.00 
    * 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 LSEG Refinitiv data May
4 at 06:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.75           0.98           Beat
 Dec. 31 2022      0.75           1.05           Beat
 Sep. 30 2022      0.77           1.31           Beat
 Jun. 30 2022      0.76           1.36           Beat