Market Overview

Essent Group: Q2 Earnings Insights

Share:

Shares of Essent Group (NYSE:ESNT) were unchanged in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 89.21% year over year to $0.15, which may not compare to the estimate of $0.50.

Revenue of $236,077,000 up by 11.41% year over year, which beat the estimate of $225,610,000.

Guidance

Essent Gr hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 07, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Fir.essentgroup.com%2Fevents-and-presentations%2Fevents%2Fdefault.aspx&eventid=2393365&sessionid=1&key=5B54ABABD48E8CAAA42E83D7CDC3D55C&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $55.84

52-week low: $17.52

Price action over last quarter: Up 26.10%

Company Description

Essent Group Ltd is a private mortgage insurance company in the United States. Essent provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

 

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