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Recap: MGIC Investment Q2 Earnings

MGIC Investment (NYSE:MTG) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Earnings MGIC Investment beat estimated earnings by 62.0%, reporting an EPS of $0.81 versus an estimate of $0.5.

byBenzinga Insights

August 3, 2022

1 minute read

MGIC Investment (NYSE:MTG) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:15 PM.

Here’s what investors need to know about the announcement.

Earnings

MGIC Investment beat estimated earnings by 62.0%, reporting an EPS of $0.81 versus an estimate of $0.5.

Revenue was down $4.74 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.12 which was followed by a 2.46% drop in the share price the next day.

Here’s a look at MGIC Investment’s past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.48	0.44	0.45	0.42
EPS Actual	0.60	0.61	0.46	0.44
Revenue Estimate	292.04M	291.60M	298.37M	295.90M
Revenue Actual	294.62M	294.12M	295.75M	297.85M

To track all earnings releases for MGIC Investment visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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