MGIC (MTG) reported earnings 30 days ago. What's next for the stock?
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MGIC Investment Corporation (NYSE:MTG ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Dianna Higgins - Head, Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Bose George - KBW Mihir Bhatia - Bank of America Geoffrey Dunn - Dowling and Partners Scott Heleniak - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the MGIC Investment Corporation Third Quarter 2024 Earnings Call.
While the top- and bottom-line numbers for MGIC (MTG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MGIC Investment (MTG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.64 per share a year ago.
MGIC (MTG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Higher premiums, outstanding credit quality and new business will drive MCIG Investment. Given attractive valuation and upbeat prospects, it is a contender for addition to portfolio.
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
PPC, THC and MTG are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
MGIC (MTG) reported earnings 30 days ago. What's next for the stock?
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
MGIC Investment (MTG) is set to grow on solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment.