Essent Group (ESNT) Misses Q4 EPS by 12c, Revenues Miss

Essent Group (NYSE: ESNT) reported Q4 EPS of $1.10, $0.12 worse than the analyst estimate of $1.22. Revenue for the quarter came in at $245.44 million versus the consensus estimate of $250.44 million.

“2020 was a challenging year for our country and economy, however, we were pleased with the confidence that our buy, manage and distribute operating model provides our stakeholders in navigating the COVID-19 environment,” said Mark A. Casale, Chairman and Chief Executive Officer. “During 2020, we were also pleased with housing’s resilience, which remains the bright spot in the economy entering 2021 as supply-demand imbalances and favorable first-time home buying trends persist which are positive for our franchise.”

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

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