NMI Holdings (NMIH - Free Report) reported $156.25 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.2%. EPS of $1.08 for the same period compares to $0.88 a year ago.
The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $152.43 million. With the consensus EPS estimate being $0.96, the EPS surprise was +12.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how NMI Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Insurance in force (IIF): $199.37 billion compared to the $198.89 billion average estimate based on three analysts.
- Risk in force(RIF): $52.61 billion versus the three-analyst average estimate of $51.68 billion.
- Combined ratio: 24.5% versus the three-analyst average estimate of 33.1%.
- Loss ratio: 2.7% versus 11.5% estimated by three analysts on average.
- Expense Ratio: 21.8% compared to the 21.6% average estimate based on three analysts.
- Net investment income: $19.44 million versus the three-analyst average estimate of $18.67 million. The reported number represents a year-over-year change of +30.5%.
- Net Premiums Earned: $136.66 million compared to the $133.33 million average estimate based on three analysts. The reported number represents a change of +12.2% year over year.
- Other Revenues: $0.16 million compared to the $0.43 million average estimate based on three analysts. The reported number represents a change of -2.4% year over year.
View all Key Company Metrics for NMI Holdings here>>>Shares of NMI Holdings have returned -2% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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NMI Holdings (NMIH - Free Report) reported $156.25 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.2%. EPS of $1.08 for the same period compares to $0.88 a year ago.
The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $152.43 million. With the consensus EPS estimate being $0.96, the EPS surprise was +12.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how NMI Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Insurance in force (IIF): $199.37 billion compared to the $198.89 billion average estimate based on three analysts.
- Risk in force(RIF): $52.61 billion versus the three-analyst average estimate of $51.68 billion.
- Combined ratio: 24.5% versus the three-analyst average estimate of 33.1%.
- Loss ratio: 2.7% versus 11.5% estimated by three analysts on average.
- Expense Ratio: 21.8% compared to the 21.6% average estimate based on three analysts.
- Net investment income: $19.44 million versus the three-analyst average estimate of $18.67 million. The reported number represents a year-over-year change of +30.5%.
- Net Premiums Earned: $136.66 million compared to the $133.33 million average estimate based on three analysts. The reported number represents a change of +12.2% year over year.
- Other Revenues: $0.16 million compared to the $0.43 million average estimate based on three analysts. The reported number represents a change of -2.4% year over year.
View all Key Company Metrics for NMI Holdings here>>>Shares of NMI Holdings have returned -2% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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