Radian Group Q2 EPS $0.91 Beats $0.78 Estimate, Sales $213.43M Miss $253.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radian Group (NYSE:RDN) reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.78 by 16.67%. However, this is a 33.09% decrease from the same period last year. The company's quarterly sales were $213.43 million, missing the analyst consensus estimate of $253.88 million by 15.93%, and marking a 15.94% decrease from the same period last year.
August 04, 2023 | 12:30 pm
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NEGATIVE IMPACT
Radian Group's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Radian Group's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative indicators that could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100