Radian Group (RDN) reports Q3: everything you need to know ahead of earnings

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Mortgage insurance provider Radian Group (NYSE: RDN) will be reporting results this Wednesday afternoon. Here’s what you need to know.

Radian Group met analysts’ revenue expectations last quarter, reporting revenues of $580.7 million, up 95.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Radian Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Radian Group’s revenue to grow 107% year on year, a reversal from the 1.6% decrease it recorded in the same quarter last year.

Radian Group total revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.

Looking at Radian Group’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Markel Group delivered year-on-year revenue growth of 5.7%, beating analysts’ expectations by 10%, and RLI reported revenues up 5.3%, topping estimates by 0.5%. Markel Group traded up 1.2% following the results while RLI was also up 2.5%.

Read our full analysis of Markel Group’s results here and RLI’s results here.

There has been positive sentiment among investors in the property & casualty insurance segment, with share prices up 7.5% on average over the last month. Radian Group is up 8% during the same time.

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