Radian Group Earnings: What Investors Should Watch
Radian Group (NYSE:RDN) will report earnings before markets open on Wednesday, July 24th. Radian Group Inc. provides financial guarantee insurance. The Company’s products and services enable homebuyers to purchase homes more quickly and with smaller down payments, protect lenders against loan default, and lower the costs of mortgage origination and servicing. Radian also provides insurance and reinsurance to investors in corporate, municipal, and asset-backed securities.
Here is your Cheat Sheet to Radian Group Earnings:
Earnings Expectations: Analysts expect earnings of $-0.05 per share on revenues of $204.35 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.05 to a loss $0.07. For the current year, the average estimate is a loss of $1.01, which is worse than the estimate ninety days ago.
Here’s how Radian Group has been performing on an annual basis:
|Revenue ($) in millions||1,808||1,313||417||1,948||825|
|Diluted EPS ($)||-5.12||-1.80||-15.74||2.26||-3.41|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||158.19||260.79||226.06||42.38|
|Diluted EPS ($)||-0.90||0.11||-1.34||-1.30|
Radian Group has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)