MGIC Investment: Q1 Earnings Insights - MGIC Investment (NYSE:MTG)

MGIC Investment MTG reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

MGIC Investment beat estimated earnings by 25.0%, reporting an EPS of $0.6 versus an estimate of $0.48.

Revenue was down $3.34 million from the same period last year.

Last quarter the company beat on EPS by $0.17 which was followed by a 0.4% increase in the share price the next day.

Here's a look at MGIC Investment's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.44	0.45	0.42	0.42
EPS Actual	0.61	0.46	0.44	0.42
Revenue Estimate	291.60M	298.37M	295.90M	302.77M
Revenue Actual	294.12M	295.75M	297.85M	297.96M

To track all earnings releases for MGIC Investment visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.