Analysts Estimate Enact Holdings, Inc. (ACT) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Enact Holdings, Inc. despite an increase in revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Enact Holdings is expected to report quarterly earnings of $1.11 per share, reflecting a year-over-year decrease of 12.6% [3]. - Revenue projections stand at $310.67 million, indicating a 4% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.91% higher in the last 30 days, suggesting a slight positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. - The stock currently holds a Zacks Rank of 4, complicating predictions for an earnings beat [12]. Historical Performance - In the last reported quarter, Enact Holdings was expected to earn $1.12 per share but reported $1.10, resulting in a surprise of -1.79% [13]. - Over the past four quarters, the company has exceeded consensus EPS estimates twice [14]. Conclusion - Enact Holdings does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors when evaluating the stock ahead of the earnings release [17].