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

Radian

02/05/2024 24:40

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
98 cents​​ per share for the quarter ended in March, identical
to the same quarter last year.  The mean expectation of
nine analysts for the quarter was for earnings of 84 cents per
share. Wall Street expected results to range from 75 cents to 89
cents per share.
    * Revenue rose 1.1% to $235.86 million from a year ago;
analysts
expected $236.63 million. 
    * Radian Group Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $152.35
million.
    * Radian Group Inc shares had fallen by 10.8% this
quarter and
gained 4.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"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 $32.00 
This summary was machine generated from LSEG data May 1 at 11:39
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
 Mar. 31 2024      0.84           0.98           Beat
 Dec. 31 2023      0.87           0.96           Beat
 Sep. 30 2023      0.81           1.04           Beat
 Jun. 30 2023      0.78           0.91           Beat