Essent Gr (NYSE:ESNT) unveils its next round of earnings this Friday, August 06. Get prepared with Benzinga’s ultimate preview for Essent Gr’s Q2 earnings.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company’s profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Based on Essent Gr management projections, analysts predict EPS of $1.26 on revenue of $238.45 million. Essent Gr earnings in the same period a year ago was $0.15 per share. Quarterly sales came in at $236.08 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the “consensus estimates.” A company posting earnings or revenue above or below the consensus estimate is known as an “earnings surprise” and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 740.0% increase in the company’s earnings. Revenue would be up 1.01% on a year-over-year basis. Here is how the company’s EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.22 | 1.22 | 0.99 | 0.50 |
| EPS Actual | 1.21 | 1.10 | 1.11 | 0.15 |
| Revenue Estimate | 244.56 M | 250.44 M | 239.58 M | 225.61 M |
| Revenue Actual | 244.80 M | 247.20 M | 243.04 M | 236.08 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Essent Gr were trading at $45.33 as of August 04. Over the last 52-week period, shares are up 27.65%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Essent Gr is scheduled to hold the call at 10:00:00 ET and can be accessed here.
