Equity Profile

MTG

MGIC Investment Corporation

FinancialsCommercial & Residential Mortgage Finance$5.4B

Apr29Wed

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

MGIC Investment Corporation Beats on EPS, Stock Up 0.52%

Metric	Actual	Expected	Surprise
EPS	$0.76	$0.74	+3.68%
Revenue	N/A	$303M	N/A

management commentary, guidance changes, and full analysis available with Pro.

MGIC Investment Corporation Beats on EPS, Stock Up 0.52%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.76	$0.74	+3.68%
Revenue	N/A	$303M	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

MGIC Investment Corporation reported an EPS of $0.76, beating expectations by 3.68%. The stock reacted positively, increasing by 0.52%, indicating investor confidence in the company's performance despite the lack of revenue data and guidance updates.

Company Snapshot

MGIC Investment Corporation (MTG) operates in the financial sector, focusing on mortgage insurance for residential and commercial properties. As a key player in mortgage finance, its performance is closely tied to housing market trends and interest rates, making it an important company to watch in the current economic climate.

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and will show how well the company is managing its costs and revenues.

0.74

Revenue

Total revenue provides insight into the company's overall sales performance and market demand for its insurance products.

303M

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

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+12.93%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q4-2025, MGIC reported an EPS of $0.75, exceeding estimates by 3.16%. The stock saw a positive reaction, gaining 2.34% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect MGIC to report solid earnings, with a consensus EPS of $0.74. The market is looking for continued strength in the housing sector.

Bull Case

If MGIC beats EPS estimates, it could signal strong demand for mortgage insurance and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if the company misses expectations, it may raise concerns about the health of the housing market and MGIC's ability to maintain profitability.

Key Metrics to Watch

EPS

0.74

Earnings per share is a critical indicator of profitability and will show how well the company is managing its costs and revenues.

Revenue

303M

Total revenue provides insight into the company's overall sales performance and market demand for its insurance products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will MGIC's EPS exceed the consensus estimate of $0.74?

A beat could indicate strong performance and boost investor confidence, while a miss might raise concerns about the company's future.

What commentary will management provide on the current housing market conditions?

Insights into the housing market will be crucial for understanding MGIC's growth prospects and risk exposure.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate MGIC's ability to navigate the current housing market challenges, given its strong track record of beating EPS estimates.

Supporting Evidence

MGIC has consistently beaten EPS estimates in the past, indicating strong operational management.

The options market is pricing in a larger move than historical averages, suggesting that traders expect significant volatility.

The recent positive trends in the housing market may not be fully reflected in the consensus estimates.

Key Risk

If the housing market shows unexpected strength, it could lead to significantly better-than-expected earnings.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether MGIC can sustain its earnings growth amid fluctuating housing market conditions.

Bull Confirmed If

An EPS of $0.77 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.73 would raise significant concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±6.54%

Historical Avg

±1.1%

Pricing rich

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

Options are pricing ±5.9% while MTG has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

15.9%

Calls (100)P/C Ratio: 1.00Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MGIC beats expectations, history suggests a potential stock increase of around 0.05%, confirming positive market sentiment.

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 in stock price, with historical patterns indicating a potential average drop of around 1.17%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the company's exposure to the current housing market trends.
2Management's outlook on mortgage insurance demand for the coming quarters.
3Details on cost management strategies and their impact on profitability.
4Insights into any changes in regulatory environments affecting the mortgage finance sector.
5Comments on competitive pressures and how MGIC plans to address them.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and will show how well the company is managing its costs and revenues.

0.74

Revenue

Total revenue provides insight into the company's overall sales performance and market demand for its insurance products.

303M

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

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+12.93%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q4-2025, MGIC reported an EPS of $0.75, exceeding estimates by 3.16%. The stock saw a positive reaction, gaining 2.34% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect MGIC to report solid earnings, with a consensus EPS of $0.74. The market is looking for continued strength in the housing sector.

Bull Case

If MGIC beats EPS estimates, it could signal strong demand for mortgage insurance and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if the company misses expectations, it may raise concerns about the health of the housing market and MGIC's ability to maintain profitability.

Key Metrics to Watch

EPS

0.74

Earnings per share is a critical indicator of profitability and will show how well the company is managing its costs and revenues.

Revenue

303M

Total revenue provides insight into the company's overall sales performance and market demand for its insurance products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will MGIC's EPS exceed the consensus estimate of $0.74?

A beat could indicate strong performance and boost investor confidence, while a miss might raise concerns about the company's future.

What commentary will management provide on the current housing market conditions?

Insights into the housing market will be crucial for understanding MGIC's growth prospects and risk exposure.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate MGIC's ability to navigate the current housing market challenges, given its strong track record of beating EPS estimates.

Supporting Evidence

MGIC has consistently beaten EPS estimates in the past, indicating strong operational management.

The options market is pricing in a larger move than historical averages, suggesting that traders expect significant volatility.

The recent positive trends in the housing market may not be fully reflected in the consensus estimates.

Key Risk

If the housing market shows unexpected strength, it could lead to significantly better-than-expected earnings.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether MGIC can sustain its earnings growth amid fluctuating housing market conditions.

Bull Confirmed If

An EPS of $0.77 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.73 would raise significant concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±6.54%

Historical Avg

±1.1%

Pricing rich

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

Options are pricing ±5.9% while MTG has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

15.9%

Calls (100)P/C Ratio: 1.00Puts (100)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MGIC beats expectations, history suggests a potential stock increase of around 0.05%, confirming positive market sentiment.

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 in stock price, with historical patterns indicating a potential average drop of around 1.17%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the company's exposure to the current housing market trends.
2Management's outlook on mortgage insurance demand for the coming quarters.
3Details on cost management strategies and their impact on profitability.
4Insights into any changes in regulatory environments affecting the mortgage finance sector.
5Comments on competitive pressures and how MGIC plans to address them.