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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MTG
News
- Why MGIC Investment (MTG) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Co. (NYSE: MTG) had its price target lowered by analysts at Royal Bank of Canada from $28.00 to $27.00. They now have a "sector perform" rating on the stock.MarketBeat
- MGIC Investment Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Corp (MTG) Q3 2024 Earnings Call Highlights: Strong Growth in New Insurance ... [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Q3 Earnings Surpass Estimates on Higher Revenues [Yahoo! Finance]Yahoo! Finance
MTG
Earnings
- 11/4/24 - Beat
MTG
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- MTG's page on the SEC website