Why Is Radian (RDN) Up 12.3% Since Last Earnings Report?

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It has been about a month since the last earnings report for Radian (RDN). Shares have added about 12.3% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Radian due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Radian’s Q1 Earnings Beat Estimates, Improve Y/Y

Radian Group Inc.’s first-quarter 2020 operating income of 80 cents per share beat the Zacks Consensus Estimate by 14.3%. Further, the bottom line improved 10% year over year. The company benefited from improved premiums earned from its Mortgage segment.

Volume of new mortgage insurance business was high in the first quarter, which led toyear-over-year increase of 8% in high-quality insurance in

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June 22 plan reported for reopening of England’s pubs and restaurants

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Pubs in England could reopen again two weeks earlier than planned on 22 June, according to reports.

Ministers hope to speed up the timetable in an attempt to prevent up to 3.5 million workers in the hospitality sector losing their jobs, it is claimed.

Under the current schedule, bars, hotels and restaurants are due to stay shut until July at the earliest – although they can serve customers outside their premises.

However, a group of ministers including chancellor Rishi Sunak are said to be looking at ways to help pubs to reopen using beer gardens, terraces and marquees.

The Financial Times, which claims to have confirmation of the plans from three Whitehall officials, reported that the ministers were calling themselves the “Save Summer Six”.

Mr Sunak is said to be in favour of a full reopening of pubs and restaurants before 4 July, with social distancing rules in place.

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