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Essent Group Q4 2022 Earnings Report

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$53.26 +0.35 (+0.66%)
(As of 12/20/2024 05:31 PM ET)

Essent Group EPS Results

Actual EPS
$1.37
Consensus EPS
$1.59
Beat/Miss
Missed by -$0.22
One Year Ago EPS
$1.64

Essent Group Revenue Results

Actual Revenue
$230.00 million
Expected Revenue
$245.56 million
Beat/Miss
Missed by -$15.56 million
YoY Revenue Growth
-10.50%

Essent Group Announcement Details

Quarter
Q4 2022
Time
Before Market Opens

Conference Call Resources

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Essent Group Earnings Headlines

Essent Group price target lowered to $60 from $67 at JPMorgan
What most folks don’t know about oil (BIG missed opportunity)
$1 Trillion… That’s how much Big Tech is set to spend on AI investment in the coming months—according to Goldman Sachs. This investment is driving an A.I. boom that’s being felt across many industries… Including a specific group of energy tickers since A.I. data centers use a massive amount of power. One of those tickers is CEG, up nearly 600% in the last 3 years… Combined with the upcoming presidential election, we have the recipe for a major shakeup in the market. You see, each time the U.S. elects a new president, one overlooked part of the energy sector tends to see a big move. Fact is… this energy niche is BOOMING.
Bank of America Securities Remains a Buy on Essent Group (ESNT)
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About Essent Group

Essent Group (NYSE:ESNT), through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. was incorporated in 2008 and is based in Hamilton, Bermuda.

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