NMI Holdings Inc (NASDAQ:NMIH) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share.
For the full year, analysts predict revenues of $ 396.82 million, while looking forward to income of $ 1.88 per share.
Previous Quarter Performance
NMI Holdings Inc outlined income for the second quarter of $ 0.40 per share, from the revenue of $ 107.95 million. According to street consensus, NMIH was expected to report 2Q20 income of $ 0.34 per share from revenue of $ 97.92 million. The bottom line results beat street analysts by $ 0.06 or 17.65 percent, at the same time, top line results outshined analysts by $ 10.03 million or 10.24 percent.
Stock Performance
Shares of NMI Holdings Inc traded up $ 0.34 or 1.51 percent on Wednesday, reaching $ 22.81 with volume of 597.10 thousand shares. NMI Holdings Inc has traded high as $ 23.17 and has cracked $ 21.20 on the downward trend
The closing price of $ 22.81, representing a 178.78 % increase from the 52 week low of $ 8.06 and a 37.22 % decrease over the 52 week high of $ 35.79.
The company has a market capital of $ 1.93 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Conference Call
NMI Holdings Inc will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nationalmi.com
NMI Holdings, Inc., through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
