Essent Group Ltd reports results for the quarter ended March 31 - Earnings Summary

• Essent Group Ltd ESNT.N reported quarterly adjusted earnings of $1.69​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.70. The mean expectation of eight analysts for the quarter was for earnings of $1.65 per share. Wall Street expected results to range from $1.58 to $1.77 per share.

• Revenue rose 6.4% to $317.56 million from a year ago; analysts expected $310.29 million.

• Essent Group Ltd's reported EPS for the quarter was $1.69​.

• The company reported quarterly net income of $175.43 million.

• Essent Group Ltd shares had risen by 1.7% this quarter and gained 7.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% 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 5 "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 Essent Group Ltd is $60.00

This summary was machine generated from LSEG data May 9 at 01:31 p.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)