Finance

Will Radian Group Inc. (NYSE:RDN) beat earning estimates again?

Radian Group Inc. (NYSE:RDN) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 03, 2017. The stock added about 1.5 percent in price since last results when it was at $18.45 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 3 occasions, and it has met expectations 1 time.

Here’s how traders responded to RDN earnings announcements over the past few quarters.

Radian Group Inc. (RDN) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 6.49 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.41 which beat the consensus $0.4 projection (positive surprise of2.5%. For the quarter, revenue came in at 233.59M versus consensus estimate of 238.15M. The stock dropped -0.11 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 27, 2016, it reported earnings at $0.41 a share compared with the consensus estimate of $0.39 per share (positive surprise of 5.13%). Revenue of 238.15M for that quarter was above the $228.58M analysts had expected. The stock retreated -3% the day following the earnings announcement, and on 7th day price change was -8.78%.

On July 28, 2016, it recorded $0.38 a share in earnings which missed the consensus estimate of $0.4 (negative surprise of -5%). Revenue for the quarter was $229.09M while analysts called for revenues to be $224.85M. The stock gained 3.16% the day following the earnings data was made public, and on 7th day price change was 3.24%.

On April 27, 2016, it announced earnings per share at $0.37 versus the consensus estimate of $0.3 per share (positive surprise of 23.33%). That came on revenues of $221M for that period. Analysts had expected $226.23M in revenue.

Radian Group Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.43. The analysts’ present consensus range is $0.4-$0.46 for EPS. The market consensus range for revenue is between $231.8M and $252.15M, with an average of $238.43M.

Radian Group Inc. (NYSE:RDN) last ended at $19.03, sending the company’s market cap near $4.09B. The consensus 12-month price target from analysts covering the stock is $21.3. The share price has declined -4.21% from its top level in 52 weeks and dropped 5.86% this year. It recently traded in a range of $18.58-$19.11 at a volume of 1496707 shares. The recent trading ended with the price nearly 1.87 higher for the last 5 trading days, rebounding 104.96% from its 52-week low.

 

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