Core Viewpoint - Essent Group (ESNT) reported quarterly earnings of $1.91 per share, exceeding the Zacks Consensus Estimate of $1.68 per share, and showing an increase from $1.61 per share a year ago, representing an earnings surprise of 13.69% [1] Financial Performance - The company posted revenues of $312.94 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.79%, and up from $260.13 million year-over-year [2] - Over the last four quarters, Essent Group has consistently exceeded consensus EPS estimates and revenue estimates [2] Stock Performance - Essent Group shares have increased approximately 16.1% since the beginning of the year, outperforming the S&P 500's gain of 14.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.66 on revenues of $314.42 million, and for the current fiscal year, it is $6.69 on revenues of $1.24 billion [7] - The estimate revisions trend for Essent Group is mixed, which may change following the recent earnings report [6] Industry Context - The Financial - Mortgage & Related Services industry is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges for stocks within this sector [8]

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The stock might move higher if these key numbers top expectations in the upcoming earnings report, whi ...

Core Viewpoint - The Zacks rating system is effective for individual investors as it focuses on changes in earnings estimates, which are strongly correlated with near-term stock price movements [1][2][3]. Earnings Estimate Revisions - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, significantly influence stock price movements [2][3]. - The Zacks rating system utilizes earnings estimate revisions to provide a reliable stock rating, helping investors make informed decisions [3][6]. Essent Group Analysis - Essent Group has been upgraded to a Zacks Rank 2 (Buy), indicating it is in the top 20% of Zacks-covered stocks based on estimate revisions, suggesting potential for stock price increase [10][11]. - The Zacks Consensus Estimate for Essent Group has increased by 2.7% over the past three months, reflecting a positive outlook for the company's earnings [15]. - The upgrade signifies an improvement in Essent Group's underlying business, which is expected to drive buying pressure and increase its stock price [12][13].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number 001-36157 ESSENT GROUP LTD. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

Exhibit 99.1 Essent Group Ltd. Announces First Quarter 2024 Results and Declares Quarterly Dividend HAMILTON, Bermuda--(BUSINESS WIRE)--May 3, 2024--Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended March 31, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The divid ...

Investors are always looking for stocks that are poised to beat at earnings season and Essent Group Ltd. (ESNT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Essent Group is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty goo ...

The market expects Essent Group (ESNT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Essent Group (ESNT) , which belongs to the Zacks Financial - Mortgage & Related Services industry, could be a great candidate to consider.When looking at the last two reports, this mortgage insurance and reinsurance holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.44%, on average, in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36157 ESSENT GROUP LTD. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...

Essent Group Ltd. (ESNT) reported fourth-quarter 2023 operating net income per share of $1.64, which beat the Zacks Consensus Estimate by 3.1%. The bottom line increased 19.7% year over year.The quarter witnessed improved revenues attributable to higher net premiums earned. Losses and expenses increased, attributable to provision for losses and loss adjustment expense (LAE). There was an increase in the percentage of loans in default during the reported quarter.Operational Update   Total revenues of $297.3 ...