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ESNT
Benzinga
102 days

Top Wall Street Forecasters Revamp Essent Group Expectations Ahead Of Q1 Earnings

1. ESNT to report Q1 earnings on May 9, estimates at $1.65/share. 2. Revenue expected at $310.79 million, up from $298.36 million last year. 3. Previous Q4 earnings were weaker than expectations. 4. Analysts have varying ratings and price targets for ESNT. 5. Stock rose 0.6% to close at $58.72 on Thursday.

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FAQ

Why Bearish?

Earnings estimates show a decline compared to the previous year, suggesting weakness. Historical examples show that reduced earnings can lead to downward pressure on stock prices.

How important is it?

The article discusses key insights about ESNT's upcoming earnings, affecting investor sentiment. Analysts' ratings impact stock forecasts significantly.

Why Short Term?

The upcoming earnings announcement can influence short-term trading behavior. Past trends indicate immediate reactions to earnings results typically dominate stock movement.

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