Radian Group Q1 2024 Adj EPS $1.03 Beats $0.84 Estimate, Sales $235.857M Miss $236.627M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radian Group (NYSE:RDN) reported Q1 2024 adjusted EPS of $1.03, surpassing the $0.84 estimate, marking a 5.1% increase from last year. However, their sales of $235.857M slightly missed the $236.627M estimate, though still up 1.12% YOY.
May 01, 2024 | 8:53 pm
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Radian Group reported a strong Q1 2024 with EPS of $1.03, beating estimates by 22.62% and showing a 5.1% increase YOY. Sales slightly missed estimates but grew 1.12% YOY.
The positive earnings surprise and year-over-year growth in both EPS and sales, despite the slight miss on the sales estimate, suggest a strong financial performance by Radian Group. This is likely to be viewed positively by investors, potentially leading to a short-term uptick in RDN's stock price.
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IMPORTANCE 90
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