The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MGIC Investment's revenues will contract -36.8% and EPS will remain in the red.
The average estimate for revenue is $282.3 million. On the bottom line, the average EPS estimate is -$1.51.
Last quarter, MGIC Investment reported revenue of $306.2 million. GAAP reported sales were 10% lower than the prior-year quarter's $347.5 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 -$1.25. GAAP EPS were -$1.22 for Q3 compared to -$0.82 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 -73.2%, 2,500 basis points worse than the prior-year quarter. Operating margin was -73.2%, 2,500 basis points worse than the prior-year quarter. Net margin was -79.1%, 3,160 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$4.70.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 317 members out of 507 rating the stock outperform, and 190 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give MGIC Investment a green thumbs-up, and 66 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 $1.50.
Looking for alternatives to MGIC Investment? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add MGIC Investment to My Watchlist.