Earnings Preview For MGIC Investment
Portfolio Pulse from Benzinga Insights
MGIC Investment (NYSE:MTG) is expected to release its quarterly earnings report on January 31, 2024, with analysts predicting an EPS of $0.57. Investors are looking for an earnings beat and positive guidance for future growth. Historically, MGIC has had mixed results in beating EPS estimates, with share price reactions varying from a 4.44% increase to a 1.3% decrease. Over the past year, MTG shares have risen 42.13%, indicating a bullish sentiment among long-term shareholders.
January 30, 2024 | 6:02 pm
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POSITIVE IMPACT
MGIC Investment is anticipated to report quarterly earnings with an EPS forecast of $0.57. Positive historical performance and a 42.13% annual stock increase may lead to bullish sentiment if earnings beat estimates and guidance is strong.
Given MGIC's history of beating EPS estimates and the positive stock performance over the last year, there is a high likelihood of a positive short-term impact on the stock price if the company reports earnings that exceed expectations and provides favorable future guidance. The historical data shows that the stock price tends to react positively to earnings beats, although the magnitude of the reaction can vary.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100