Will MGIC (MTG) Beat Estimates Again in Its Next Earnings Report?

Core Insights - MGIC Investment (MTG) has a strong history of beating earnings estimates and is well-positioned for continued success in upcoming reports [1][2] - The company has surpassed earnings estimates by an average of 12.85% over the last two quarters, with recent surprises of 10.77% and 14.93% [2] Earnings Performance - In the most recent quarter, MGIC reported earnings of $0.72 per share against an expectation of $0.65, resulting in a surprise of 10.77% [2] - For the previous quarter, the consensus estimate was $0.67 per share, while the actual earnings were $0.77, leading to a surprise of 14.93% [2] Earnings Estimates and Predictions - Recent estimates for MGIC have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [5][8] - The current Earnings ESP for MGIC is +7.04%, suggesting analysts are optimistic about the company's near-term earnings potential [8] Zacks Rank and Success Rate - MGIC holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high likelihood of beating earnings estimates [8] - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6]