A Preview Of Enact Holdings's Earnings

Enact Holdings (NASDAQ:ACT) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Enact Holdings to report an earnings per share (EPS) of $1.01.

The market awaits Enact Holdings's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

Last quarter the company beat EPS by $0.29, which was followed by a 1.59% drop in the share price the next day.

Here's a look at Enact Holdings's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.98

0.96

0.92

0.88

EPS Actual

1.27

1.04

0.98

1.02

Price Change %

-2.0%

-0.0%

-5.0%

1.0%

Stock Performance

Shares of Enact Holdings were trading at $32.42 as of November 04. Over the last 52-week period, shares are up 17.16%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Enact Holdings

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Enact Holdings.

A total of 1 analyst ratings have been received for ...