MGIC Investment (NYSE: MTG ) is expected to report Q3 earnings around Nov. 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MGIC Investment's revenues will wane -15.5% and EPS will remain in the red.
The average estimate for revenue is $285.0 million. On the bottom line, the average EPS estimate is -$0.71.
Last quarter, MGIC Investment logged revenue of $321.1 million. GAAP reported sales were 12% lower than the prior-year quarter's $374.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$1.49. GAAP EPS were -$1.36 for Q2 versus -$0.75 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was -81.6%, 4,460 basis points worse than the prior-year quarter. Operating margin was -81.6%, 4,460 basis points worse than the prior-year quarter. Net margin was -82.8%, 4,230 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.25 billion. The average EPS estimate is -$3.11.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 308 members out of 499 rating the stock outperform, and 191 members rating it underperform. Among 151 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give MGIC Investment a green thumbs-up, and 69 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MGIC Investment is hold, with an average price target of $4.79.
- Add MGIC Investment to My Watchlist.