For the quarter ended June 2026, MGIC Investment (MTG) reported revenue of $297.61 million, down 2.6% over the same period last year. EPS came in at $0.87, compared to $0.82 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $298.54 million, representing a surprise of -0.31%. The company delivered an EPS surprise of +17.57%, with the consensus EPS estimate being $0.74.
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): 4.6% versus 16.6% estimated by two analysts on average. Combined Ratio - Insurance Segment (Net of underwriting expense ratio and Loss ratio): 24.4% versus 38.4% estimated by two analysts on average. GAAP underwriting expense ratio (insurance operations only): 19.8% versus the two-analyst average estimate of 21.9%. Revenues- Net investment income: $59.47 million compared to the $60.69 million average estimate based on two analysts. The reported number represents a change of -2.5% year over year. Revenues- Net premiums earned: $238.06 million compared to the $237.53 million average estimate based on two analysts. The reported number represents a change of -2.6% year over year. Revenues- Other revenue: $0.09 million versus $0.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -74% change.View all Key Company Metrics for MGIC here>>>
Shares of MGIC have returned +8.4% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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MGIC Investment Corporation (MTG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).