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MGIC (MTG) Reports Q3 Earnings: What Key Metrics Have to Say
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MGIC Investment (MTG - Free Report) reported $299.46 million in revenue for the quarter ended September 2026, representing a year-over-year decline of 1.6%. EPS of $0.85 for the same period compares to $0.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $301.12 million, representing a surprise of -0.55%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.80.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how MGIC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
GAAP loss ratio (insurance operations only): 10% versus 17.3% estimated by two analysts on average.
Combined Ratio - Insurance Segment (Net of underwriting expense ratio and Loss ratio): 29.1% compared to the 37.6% average estimate based on two analysts.
GAAP underwriting expense ratio (insurance operations only): 19.1% versus the two-analyst average estimate of 20.3%.
Revenues- Net investment income: $60.91 million versus the two-analyst average estimate of $62.63 million. The reported number represents a year-over-year change of -2.1%.
Revenues- Net premiums earned: $238.46 million versus the two-analyst average estimate of $238.05 million. The reported number represents a year-over-year change of -1.4%.
Revenues- Other revenue: $0.1 million compared to the $0.45 million average estimate based on two analysts. The reported number represents a change of -74.9% year over year.
Shares of MGIC have returned +4.7% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
View the Zacks #1 Rank List
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MGIC (MTG) Reports Q3 Earnings: What Key Metrics Have to Say
MGIC Investment (MTG - Free Report) reported $299.46 million in revenue for the quarter ended September 2026, representing a year-over-year decline of 1.6%. EPS of $0.85 for the same period compares to $0.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $301.12 million, representing a surprise of -0.55%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.80.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how MGIC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for MGIC here>>>
Shares of MGIC have returned +4.7% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.