MGIC Investment (MTG) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for MGIC Investment (MTG) despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - MGIC is expected to report quarterly earnings of $0.70 per share, reflecting a year-over-year decrease of 9.1%, while revenues are projected to be $306.76 million, an increase of 0.4% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their outlook for the company [4]. Earnings Surprise Prediction - The Zacks Earnings ESP for MGIC is +2.37%, suggesting a likelihood of beating the consensus EPS estimate, although the stock holds a Zacks Rank of 3 [12]. Historical Performance - MGIC has consistently beaten consensus EPS estimates, achieving a surprise of +13.64% in the last reported quarter and surpassing estimates in all of the last four quarters [13][14]. Market Reaction Factors - The stock's movement may not solely depend on earnings results, as other factors can influence investor sentiment and stock performance [15].