Market Overview

Q3 Earnings Outlook For MGIC Investment

Share:

On Wednesday, MGIC Investment (NYSE: MTG) will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications.

Earnings and Revenue

Analysts covering MGIC Investment modeled for quarterly EPS of 36 cents on revenue of $274.2 million.

MGIC Investment earnings in the same period a year ago was 32 cents. Quarterly sales came in at $270.36 million. If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 12.5 percent. Sales would be have grown 1.42 percent from the same quarter last year. Here's how the MGIC Investment's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q2 2018 Q1 2018 Q4 2017 Q3 2017
EPS Estimate 0.35 0.36 0.28 0.26
EPS Actual 0.49 0.38 0.43 0.32

Stock Performance

Over the past 52-week period, shares of MGIC Investment have declined 5.11 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The popular rating by analysts on MGIC Investment stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

MGIC Investment's Q3 is scheduled to hold a conference call at 10:00 a.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/c9oxmcfc

Posted-In: Earnings News

 

Related Articles (MTG)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

A Preview Of Northern Trust's Q3 Earnings

ASML Holding's Q3 Earnings Preview