Essent Group (ESNT) Tops Q3 EPS by 9c, Revenues Beat

Essent Group (NYSE: ESNT) reported Q3 EPS of $1.47, $0.09 better than the analyst estimate of $1.38. Revenue for the quarter came in at $226.39 million versus the consensus estimate of $216.4 million.

“We are pleased with our strong financial results for the third quarter and our continued progress in transitioning our franchise to a buy, manage and distribute model through the utilization of EssentEDGE and reinsurance,” said Mark Casale, Chairman and Chief Executive Officer. “Additionally, our recent financial strength rating upgrade by Moody’s to A3 was a significant achievement for Essent. We believe that this upgrade is further validation of the strength and sustainability that our buy, manage and distribute model provides our franchise.”

For earnings history and earnings-related data on Essent Group (ESNT) click here.

You May Also Be Interested In

• Evercose ISI downgrades Reddit, says monetization may not offset traffic weakness
• Qualcomm shares fall on Intel warning and legal concerns
• Investing.com’s stocks of the week