MGIC Investment Corporation Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]
MGIC Investment Corporation (MTG)
Last mgic investment corporation earnings: 2/4 06:45 am
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US:NYSE Investor Relations:
mtg.mgic.com/investor-overview
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Source: Yahoo! Finance
The early response was not positive, with shares down 2.1% to US$24.82 in the past week. It looks like a credible result overall - although revenues of US$307m were in line with what the analysts predicted, MGIC Investment surprised by delivering a statutory profit of US$0.77 per share, a notable 15% above expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. View our latest analysis for MGIC Investment After the latest results, the five analysts covering MGIC Investment are now predicting revenues of US$1.25b in 2025. If met, this would reflect a reasonable 5.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to shrink 8.0% to US$2.
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News
- Here's Why MGIC Investment (MTG) is a Strong Value Stock [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put MGIC Investment (NYSE:MTG) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Co. (NYSE: MTG) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $29.00 price target on the stock.MarketBeat
- MGIC Investment Co. (NYSE: MTG) was downgraded by analysts at Bank of America Co. from a "buy" rating to an "underperform" rating. They now have a $25.00 price target on the stock.MarketBeat
- MGIC (MTG) Up 8.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
MTG
Earnings
- 11/4/24 - Beat
MTG
Sec Filings
- 12/6/24 - Form SC
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- MTG's page on the SEC website