Essent Reports Better Than Expected Q1 Earnings Results
<p><a href='https://financialmodelingprep.com/financial-summary/ESNT'>Essent Group (NYSE:ESNT)</a> reported its Q1 earnings results on Friday, with EPS coming in at $1.59, above the Street estimate of $1.46. Revenue was $256.25 million, beating the Street estimate of $250.26 million.</p>
<p>The company’s quarterly results built on its 2022 performance as it turned in strong margins, healthy IIF growth, and resumed repurchases. The balance sheet remains robust and industry pricing is continuing to move in the company's favor. </p>
<p>Analysts at RBC Capital reiterated their expectation for premium growth in H2/23. While near-term the analysts expect performance to be bumpy as macro conditions remain volatile, they see the current valuation as an attractive entry point and remain Outperform.</p>

NYSE:ESNT