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Serhii Bond's Avatar
published in Blogs
May 04, 2023

ESNT is expected to report earnings to rise+6.57% to $1.46 per share on May 05

ESNT, the financial services company, is set to release its first-quarter earnings report on May 05. According to analysts, the company is expected to report earnings of $1.46 per share, representing a 6.57% increase compared to the same quarter last year.

This positive outlook for ESNT's earnings is likely driven by the company's strong financial performance in recent quarters. In its most recent earnings report, ESNT reported a 9.2% increase in net income and a 4.7% increase in revenue compared to the same period the previous year.

ESNT's continued growth can also be attributed to its focus on expanding its offerings and improving its technology infrastructure. The company has made several acquisitions in recent years, including the purchase of Fintech, an online lending platform, and an investment in Mortgage Cadence, a provider of mortgage origination technology.

Moreover, ESNT's business model, which involves providing mortgage insurance to lenders, has been relatively stable despite the ongoing COVID-19 pandemic. The company's insurance policies help protect lenders from defaults, which has become increasingly important as the pandemic has put many borrowers at risk of defaulting on their loans.

ESNT's upcoming earnings report is expected to show a solid increase in earnings per share, reflecting the company's strong financial performance and ongoing efforts to expand its offerings and technology infrastructure. 

Related Ticker: ESNT

ESNT in +5.00% Uptrend, advancing for three consecutive days on June 07, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ESNT advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on ESNT as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ESNT just turned positive on June 02, 2023. Looking at past instances where ESNT's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 238 cases where ESNT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ESNT moved out of overbought territory on May 19, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESNT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ESNT broke above its upper Bollinger Band on June 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ESNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.091) is normal, around the industry mean (1.655). P/E Ratio (6.964) is within average values for comparable stocks, (31.993). ESNT's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.179). Dividend Yield (0.020) settles around the average of (0.029) among similar stocks. ESNT's P/S Ratio (5.123) is slightly higher than the industry average of (2.358).

Industry description

Specialty insurance typically caters to niche-markets, and covers items that are special or unique and/or items that are not typically covered under other insurance policies. Restoration or purchase of a one-of-a-kind collector’s item, high-value home, recreational vehicles, sailboat or even jet skis, horses and farms, all-terrain vehicle, funerals, museums and fine art collections are some examples– one or more of which are covered by a specialty insurance provider. In some cases, a specialty insurance could also complement someone’s existing auto, home and umbrella policies. Markel Corp, for Fidelity National Financial, Inc., Assurant, Inc. and Athene Holding Ltd. are examples of specialty insurance providers.

Market Cap

The average market capitalization across the Specialty Insurance Industry is 2.23B. The market cap for tickers in the group ranges from 3.81M to 9.66B. FNF holds the highest valuation in this group at 9.66B. The lowest valued company is MMMM at 3.81M.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Insurance Industry was 5%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 2%. FACO experienced the highest price growth at 17%, while PPHI experienced the biggest fall at 0%.

Volume

The average weekly volume growth across all stocks in the Specialty Insurance Industry was -19%. For the same stocks of the Industry, the average monthly volume growth was 6% and the average quarterly volume growth was 38%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 65
P/E Growth Rating: 47
Price Growth Rating: 53
SMR Rating: 80
Profit Risk Rating: 64
Seasonality Score: 1 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a holding company through its subsidiaries, which offers mortgage insurance, reinsurance and risk management products

Industry SpecialtyInsurance

Profile
Fundamentals
Details
Industry
Specialty Insurance
Address
2 Church Street
Phone
+1 441 297-9901
Employees
346
Web
https://ir.essentgroup.com
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ESNT and

Correlation & Price change

A.I.dvisor indicates that over the last year, ESNT has been closely correlated with MTG. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESNT jumps, then MTG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESNT
1D Price
Change %
ESNT100%
+2.05%
MTG - ESNT
90%
Closely correlated
+0.76%
RDN - ESNT
86%
Closely correlated
+1.45%
NMIH - ESNT
83%
Closely correlated
+1.10%
FNF - ESNT
70%
Closely correlated
+0.93%
FAF - ESNT
68%
Closely correlated
+1.97%
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