Yahoo Finance NMI Holdings (NMIH) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
NMI Holdings (NMIH) reported $156.25 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.2%. EPS of $1.08 for the same period compares to $0.88 a year ago.
The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $152.43 million. With the consensus EPS estimate being $0.96, the EPS surprise was +12.50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how NMI Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Insurance in force (IIF): $199.37 billion compared to the $198.89 billion average estimate based on three analysts.
Risk in force(RIF): $52.61 billion versus the three-analyst average estimate of $51.68 billion.
Combined ratio: 24.5% versus the three-analyst average estimate of 33.1%.
Loss ratio: 2.7% versus 11.5% estimated by three analysts on average.
Expense Ratio: 21.8% compared to the 21.6% average estimate based on three analysts.
Net investment income: $19.44 million versus the three-analyst average estimate of $18.67 million. The reported number represents a year-over-year change of +30.5%.
Net Premiums Earned: $136.66 million compared to the $133.33 million average estimate based on three analysts. The reported number represents a change of +12.2% year over year.
Other Revenues: $0.16 million compared to the $0.43 million average estimate based on three analysts. The reported number represents a change of -2.4% year over year.
View all Key Company Metrics for NMI Holdings here>>>
Shares of NMI Holdings have returned -2% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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