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

Radian

01/11/2023 22:38

* Radian Group Inc  RDN.N  reported quarterly adjusted
earnings of
$1.04​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$1.31.  The mean expectation of seven analysts for the quarter
was for earnings of 81 cents per share. Wall Street expected
results to range from 76 cents to 87 cents per share.
    * Revenue rose 0% to $240.26 million from a year ago;
analysts
expected $235.66 million. 
    * Radian Group Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $156.58
million.
    * Radian Group Inc shares had risen by 0.9% this quarter and
gained 32.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $29.00 
This summary was machine generated from LSEG data November 1 at
10:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.81           1.04           Beat
 Jun. 30 2023      0.78           0.91           Beat
 Mar. 31 2023      0.75           0.98           Beat
 Dec. 31 2022      0.75           1.05           Beat