Essent Group Q3 EPS $1.65 Misses $1.73 Estimate, Sales $316.58M Miss $317.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Essent Group reported Q3 earnings per share of $1.65, missing the analyst estimate of $1.73. Sales were $316.58M, slightly below the $317.47M estimate. Despite missing estimates, sales increased by 6.91% compared to the same period last year.
November 01, 2024 | 10:33 am
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Essent Group's Q3 earnings and sales both missed analyst estimates, with EPS at $1.65 versus $1.73 expected, and sales at $316.58M versus $317.47M expected. Despite the miss, sales increased by 6.91% year-over-year.
The miss on both EPS and sales estimates is likely to have a negative short-term impact on Essent Group's stock price. However, the year-over-year sales growth of 6.91% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100