Radian Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Radian Group Inc RDN.N reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.03. The mean expectation of six analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 91 cents to $1.01 per share.

• Revenue rose 0.3% to $236.68 million from a year ago; analysts expected $242.70 million.

• Radian Group Inc's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $144.56 million.

• Radian Group Inc shares had fallen by 4.4% this quarter and lost 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for Radian Group Inc is $35.00

This summary was machine generated from LSEG data May 1 at 12:02 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)