Essent Group Ltd. (NYSE:ESNT) is anticipated to report first-quarter earnings of $1.65 per share, with revenue projected at $310.79 million.
The company’s stock price stands at $58.72, reflecting investor confidence despite previous weaker-than-expected earnings.
Essent Group competes in the mortgage insurance industry and is rated “Outperform” by RBC Capital.
Essent Group Ltd. (NYSE:ESNT), headquartered in Hamilton, Bermuda, is a prominent player in the mortgage insurance industry. The company provides private mortgage insurance and reinsurance for mortgages secured by residential properties. Essent Group competes with other industry players like MGIC Investment Corporation and Radian Group. On May 9, 2025, RBC Capital updated its rating for Essent Group to “Outperform,” with the stock priced at $58.72.
Essent Group is set to release its first-quarter earnings results on May 9, 2025. Analysts expect earnings of $1.65 per share, slightly down from $1.70 per share in the same period last year. Despite this, the company anticipates an increase in quarterly revenue, projected at $310.79 million, up from $298.36 million a year earlier. This revenue growth indicates a positive outlook for the company’s financial health.
Previously, on February 14, Essent Group reported weaker-than-expected earnings for the fourth quarter. Despite this, the stock experienced a modest rise of 0.6%, closing at $58.72. This resilience in stock performance suggests investor confidence in the company’s long-term prospects, even amid short-term earnings challenges.
The stock, currently priced at $58.72, reflects a change of $0.33, or an increase of approximately 0.57%. During the trading day, the stock fluctuated between a low of $58.59 and a high of $59.39. Over the past year, the stock has reached a high of $65.33 and a low of $51.61. Essent Group’s market capitalization stands at approximately $6.07 billion, with a trading volume of 775,314 shares.