Enact Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Enact Holdings Inc ACT.OQ reported quarterly adjusted earnings of $1.10​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.04. The mean expectation of six analysts for the quarter was for earnings of $1.08 per share. Wall Street expected results to range from $1.04 to $1.15 per share.

• Revenue rose 5.2% to $306.78 million from a year ago; analysts expected $302.24 million.

• Enact Holdings Inc's reported EPS for the quarter was $1.08​.

• The company reported quarterly net income of $165.78 million.

• Enact Holdings Inc shares had risen by 2.2% this quarter and gained 9.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

• Wall Street's median 12-month price target for Enact Holdings Inc is $38.50

This summary was machine generated from LSEG data May 1 at 12:36 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)