NMI Holdings (NMIH) reported $166.09 million in income for the quarter ended September 2024, representing a year-over-year enhance of 12.1%. EPS of $1.15 for a similar interval compares to $1.00 a yr in the past.
The reported income represents a shock of +0.92% over the Zacks Consensus Estimate of $164.59 million. With the consensus EPS estimate being $1.10, the EPS shock was +4.55%.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s worth efficiency.
Right here is how NMI Holdings carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Insurance coverage in drive (IIF): $207.54 billion in comparison with the $207.55 billion common estimate based mostly on three analysts.
- Threat in drive(RIF): $55.25 billion versus $54.45 billion estimated by three analysts on common.
- Mixed ratio: 27.5% in comparison with the 29.4% common estimate based mostly on three analysts.
- Loss ratio: 7.2% versus 8.4% estimated by three analysts on common.
- Expense Ratio: 20.3% in comparison with the 21% common estimate based mostly on three analysts.
- Internet funding earnings: $22.47 million versus the three-analyst common estimate of $21.66 million. The reported quantity represents a year-over-year change of +25.9%.
- Internet Premiums Earned: $143.34 million in comparison with the $142.72 million common estimate based mostly on three analysts. The reported quantity represents a change of +10.2% yr over yr.
- Different Revenues: $0.29 million versus the three-analyst common estimate of $0.22 million. The reported quantity represents a year-over-year change of +31.3%.
View all Key Company Metrics for NMI Holdings here>>>
Shares of NMI Holdings have returned -8.8% over the previous month versus the Zacks S&P 500 composite’s +0.7% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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