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.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere