Radian Group (NYS: RDN) reported earnings on Aug. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Radian Group whiffed on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Radian Group booked revenue of $158.2 million. The four analysts polled by S&P Capital IQ predicted a top line of $223.6 million on the same basis. GAAP reported sales were 64% lower than the prior-year quarter's $435.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.38. The six earnings estimates compiled by S&P Capital IQ forecast -$0.54 per share. GAAP EPS were -$0.90 for Q2 compared to $1.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -40.6%, 7,680 basis points worse than the prior-year quarter. Operating margin was -66.1%, 9,170 basis points worse than the prior-year quarter. Net margin was -75.7%, 10,720 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $218.2 million. On the bottom line, the average EPS estimate is -$0.46.
Next year's average estimate for revenue is $861.7 million. The average EPS estimate is -$2.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 404 members out of 579 rating the stock outperform, and 175 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Radian Group a green thumbs-up, and 61 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Radian Group is hold, with an average price target of $5.08.
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The article Radian Group Goes Red originally appeared on Fool.com.
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