Essent Group (ESNT) Tops Q3 EPS by 4c, Revenues Miss

Essent Group (NYSE: ESNT) reported Q3 EPS of $1.18, $0.04 better than the analyst estimate of $1.14. Revenue for the quarter came in at $175.22 million versus the consensus estimate of $181.48 million.

“We are pleased with our strong operating performance for the third quarter as we grew net income 48% compared to the third quarter of 2017, while also generating a 21% annualized return on average equity,” said Mark Casale, Chairman and Chief Executive Officer. “Our third quarter results were driven by a 26% increase in our insurance in force to $131.2 billion compared to $103.9 billion at the end of the third quarter 2017, as well as another quarter of solid credit performance.”

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

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