MGIC Investment Q2 2024 Adj. EPS $0.77 Beats $0.64 Estimate, Sales $305.277M Beat $301.030M Estimate
Portfolio Pulse from Benzinga Newsdesk
MGIC Investment (NYSE:MTG) reported Q2 2024 adjusted EPS of $0.77, beating the $0.64 estimate. Sales were $305.277M, surpassing the $301.030M estimate and showing a 5.02% increase from last year.
July 31, 2024 | 8:07 pm
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MGIC Investment reported strong Q2 2024 results with EPS of $0.77 beating estimates by 20.31% and sales of $305.277M exceeding expectations by 1.41%. Sales also increased by 5.02% YoY.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact MTG's stock price in the short term. The 20.31% EPS beat and 5.02% YoY sales growth indicate robust financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100