Mortgage insurer MGIC Investment (NYSE: MTG) will be reporting earnings this Wednesday after market close. Here’s what to expect.
MGIC Investment missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $304.2 million, flat year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates.
Is MGIC Investment a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting MGIC Investment’s revenue to be flat year on year at $307.6 million, slowing from the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.74 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 Q3 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 30.8%, and First American Financial reported revenues up 40.7%, topping estimates by 6.2%. Stewart Information Services traded down 4.1% following the results while First American Financial was up 3.6%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. 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 3% on average over the last month. MGIC Investment is down 5.1% during the same time and is heading into earnings with an average analyst price target of $27.50 (compared to the current share price of $26.99).
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