The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MGIC Investment's revenues will shrink -18.3% and EPS will remain in the red.
The average estimate for revenue is $262.2 million. On the bottom line, the average EPS estimate is -$0.15.
Last quarter, MGIC Investment notched revenue of $269.2 million. GAAP reported sales were 31% lower than the prior-year quarter's $391.6 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 -$0.32. GAAP EPS were -$0.31 for Q1 versus -$0.10 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 -17.9%, much worse than the prior-year quarter. Operating margin was -17.9%, much worse than the prior-year quarter. Net margin was -27.2%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $1.06 billion. The average EPS estimate is -$0.73.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 322 members out of 518 rating the stock outperform, and 196 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give MGIC Investment a green thumbs-up, and 53 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 $4.43.
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