Mortgage insurer MGIC Investment (NYSE: MTG) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
MGIC Investment met analysts’ revenue expectations last quarter, reporting revenues of $306.2 million, up 4% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EPS estimates and net premiums earned in line with analysts’ estimates.
Is MGIC Investment a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting MGIC Investment’s revenue to be flat year on year at $306.1 million, slowing from the 5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MGIC Investment has missed Wall Street’s revenue estimates four times over the last two years.
Looking at MGIC Investment’s peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 9.2%, and First American Financial reported revenues up 14.2%, topping estimates by 4.9%. Stewart Information Services traded up 10.3% following the results while First American Financial was also up 3.5%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. MGIC Investment is down 8.3% during the same time and is heading into earnings with an average analyst price target of $27 (compared to the current share price of $25.54).
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