Market Overview

Essent: Q3 Earnings Insights

Share:

 

Shares of Essent Group (NYSE:ESNT) fell 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 24.49% year over year to $1.11, which beat the estimate of $0.99.

Revenue of $243,038,000 up by 7.36% from the same period last year, which beat the estimate of $239,580,000.

Guidance

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

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

How To Listen To The Conference Call

Date: Nov 06, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Fir.essentgroup.com%2F&eventid=2625711&sessionid=1&key=8971544EA269AECA91514214E9219613&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $55.84

52-week low: $17.52

Price action over last quarter: Up 11.75%

Company Profile

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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Posted-In: Earnings News

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