Equity Profile

ACT

Enact Holdings, Inc.

FinancialsCommercial & Residential Mortgage Finance$5.8B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Enact Holdings, Inc. operates in the financial sector, focusing on commercial and residential mortgage finance....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

N/A

Mortgage Insurance Premiums

This metric reflects the core business performance and demand for mortgage insurance, which is essential for revenue generation.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ACT Q2-2026 Earnings Preview

Context

Company Snapshot

Enact Holdings, Inc. operates in the financial sector, focusing on commercial and residential mortgage finance. With a market cap of $6 billion, the company plays a crucial role in the housing market, providing mortgage insurance and related services that support homeownership and real estate investment.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+5.71%

Avg Stock Reaction

+0.01%

Last Quarter Recap

In Q1 2026, Enact reported an EPS of $1.21, falling short of the estimate of $1.25, resulting in a slight negative surprise. The stock reacted with a minor decline of 0.21% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautious as the company has missed EPS estimates in the last quarter. The market is closely watching for any signs of recovery or improvement in profitability.

Bull Case

If Enact can exceed EPS expectations and show strong demand for mortgage insurance, it could signal a rebound in the housing market and boost investor confidence.

Bear Case

Conversely, if the company reports another earnings miss or shows increasing claims, it could raise concerns about the sustainability of its business model in a challenging economic environment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

A clear EPS figure is crucial for assessing the company's profitability and could influence investor sentiment significantly.

How have mortgage insurance premiums changed this quarter?

Changes in premiums can indicate market demand and the company's ability to navigate economic challenges, impacting future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in the housing market, which could lead to stronger-than-expected demand for mortgage insurance.

Supporting Evidence

Despite recent misses, the company's historical EPS performance shows resilience in challenging markets.

The options market indicates a high implied move, suggesting that traders are anticipating significant developments.

Insider selling could reflect a strategic repositioning rather than a lack of confidence in the company's future.

Key Risk

If mortgage insurance premiums show unexpected growth, it could shift the narrative significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating the company's ability to recover from recent earnings misses and the overall health of the mortgage finance sector.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $1.15 would confirm the bear case, suggesting ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±6.96%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±17.0% while ACT has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.9%

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$33.6M

820,567 sh

1 insider

Net

$33.6M

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Enact beats expectations, history suggests a potential average one-day move of +0.41%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +0.41% in such scenarios.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on mortgage insurance premium trends.
2Insights into claims paid and their impact on profitability.
3Management's outlook on the housing market and economic conditions.
4Guidance on future earnings expectations.
5Any strategic initiatives to enhance market position.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Enact Holdings, Inc. operates in the financial sector, focusing on commercial and residential mortgage finance....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

N/A

Mortgage Insurance Premiums

This metric reflects the core business performance and demand for mortgage insurance, which is essential for revenue generation.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ACT Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+5.71%

Avg Stock Reaction

+0.01%

Last Quarter Recap

In Q1 2026, Enact reported an EPS of $1.21, falling short of the estimate of $1.25, resulting in a slight negative surprise. The stock reacted with a minor decline of 0.21% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautious as the company has missed EPS estimates in the last quarter. The market is closely watching for any signs of recovery or improvement in profitability.

Bull Case

If Enact can exceed EPS expectations and show strong demand for mortgage insurance, it could signal a rebound in the housing market and boost investor confidence.

Bear Case

Conversely, if the company reports another earnings miss or shows increasing claims, it could raise concerns about the sustainability of its business model in a challenging economic environment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

A clear EPS figure is crucial for assessing the company's profitability and could influence investor sentiment significantly.

How have mortgage insurance premiums changed this quarter?

Changes in premiums can indicate market demand and the company's ability to navigate economic challenges, impacting future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in the housing market, which could lead to stronger-than-expected demand for mortgage insurance.

Supporting Evidence

Despite recent misses, the company's historical EPS performance shows resilience in challenging markets.

The options market indicates a high implied move, suggesting that traders are anticipating significant developments.

Insider selling could reflect a strategic repositioning rather than a lack of confidence in the company's future.

Key Risk

If mortgage insurance premiums show unexpected growth, it could shift the narrative significantly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating the company's ability to recover from recent earnings misses and the overall health of the mortgage finance sector.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $1.15 would confirm the bear case, suggesting ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±6.96%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±17.0% while ACT has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.9%

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$33.6M

820,567 sh

1 insider

Net

$33.6M

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Enact beats expectations, history suggests a potential average one-day move of +0.41%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with history suggesting an average one-day move of +0.41% in such scenarios.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on mortgage insurance premium trends.
2Insights into claims paid and their impact on profitability.
3Management's outlook on the housing market and economic conditions.
4Guidance on future earnings expectations.
5Any strategic initiatives to enhance market position.