Enact Holdings, Inc. (ACT) Q2 Earnings and Revenues Surpass Estimates

Core Insights - Enact Holdings, Inc. reported quarterly earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, but down from $1.27 per share a year ago, resulting in an earnings surprise of +3.60% [1] - The company achieved revenues of $312.23 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.50% and increasing from $298.83 million year-over-year [2] - Enact Holdings shares have increased approximately 8.9% year-to-date, outperforming the S&P 500's gain of 8.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.11, with projected revenues of $315.83 million, and for the current fiscal year, the EPS estimate is $4.37 on revenues of $1.25 billion [7] - The estimate revisions trend for Enact Holdings was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Insurance - Multi line industry, to which Enact Holdings belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]