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