Enact Holdings, Inc. (ACT) Reports Next Week: What Awaits?

Core Viewpoint - Enact Holdings, Inc. is expected to report flat earnings of $0.90 per share for the quarter ended December 2023, with revenues projected at $303.58 million, reflecting a 9.7% increase from the previous year [1][2]. Earnings Expectations - The earnings report is scheduled for release on February 6, 2024, and the actual results will significantly influence the stock price depending on whether they meet or exceed expectations [1]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [5]. - The stock currently holds a Zacks Rank of 4, indicating a less favorable outlook for an earnings beat [5][6]. Historical Performance - In the last reported quarter, Enact Holdings exceeded expectations by posting earnings of $1.02 per share against an estimate of $0.86, resulting in a surprise of +18.60% [7]. - Over the past four quarters, the company has beaten consensus EPS estimates three times, indicating a history of positive surprises [7]. Conclusion - Enact Holdings does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but investors should consider other factors before making investment decisions [8].