MGIC Investment (NYSE:MTG) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
MGIC Investment beat estimated earnings by 25.0%, reporting an EPS of $0.6 versus an estimate of $0.48.
Revenue was down $3.34 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 0.4% increase in the share price the next day.
Here's a look at MGIC Investment's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.44 | 0.45 | 0.42 | 0.42 |
| EPS Actual | 0.61 | 0.46 | 0.44 | 0.42 |
| Revenue Estimate | 291.60M | 298.37M | 295.90M | 302.77M |
| Revenue Actual | 294.12M | 295.75M | 297.85M | 297.96M |
To track all earnings releases for MGIC Investment visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
