MGIC Investment Corp expected to post earnings of 66 cents a share - Earnings Preview

Reuters
2024-11-02

* MGIC Investment Corp is expected to show a rise in quarterly revenue when it reports results on November 4 for the period ending September 30 2024

* The Milwaukee Wisconsin-based company is expected to report a 3.2% increase in revenue to $306.022 million from $296.51 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (Sales/Revenue Majority Basis is on Total Revenue.)

* ​LSEG's mean analyst estimate for MGIC Investment Corp is for earnings of 66 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for MGIC Investment Corp is $28.00​, above​ its last closing price of $23.56. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.63 0.64 0.77 Beat 21.2

Jan. 1 2024 0.60 0.60 0.65 Beat 7.5

Dec. 31 2023 0.56 0.57 0.67 Beat 18.5​

Sep. 30 2023 0.57 0.56 0.64 Beat 13.7

​​Jan. 0.54 0.53 0.68 Beat 27.5

1 0001

Jan. 1 0001 0.50 0.50 0.54 Beat 7.3​

Dec. 31 2022 0.53 0.53 0.65 Beat 23.7

Jan. 1 0001 0.53 0.53 0.86 Beat 63.7

This summary was machine generated November 2 at 04:07 GMT. 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)

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