MGIC Investment Q4 Adj EPS $0.67 Beats $0.57 Estimate, Sales $283.96M Miss $292.72M Estimate
Portfolio Pulse from totan@benzinga.com
MGIC Investment (NYSE:MTG) reported Q4 adjusted EPS of $0.67, surpassing the consensus estimate of $0.57 by 17.54%, but experienced a slight year-over-year increase of 4.69%. However, their quarterly sales of $283.96M fell short of the expected $292.72M by 2.99%, marking a 2.84% decrease from the previous year.
January 31, 2024 | 9:08 pm
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MGIC Investment's Q4 earnings surpassed estimates with an EPS of $0.67, but revenue fell short, potentially leading to mixed market reactions.
While MGIC Investment beat EPS estimates, which could be seen as a positive indicator of financial health and efficiency, the miss on sales estimates could raise concerns about growth and demand, leading to a neutral short-term impact on the stock price.
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