Enact Holdings, Inc. (ACT) Q4 Earnings and Revenues Lag Estimates

Company Performance - Enact Holdings, Inc. reported quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of$ 1.11 per share, but showing an increase from $0.98 per share a year ago, resulting in an earnings surprise of -1.80% [1] - The company posted revenues of$ 308.94 million for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 1.35%, and an increase from $296.19 million year-over-year [2] - Over the last four quarters, Enact Holdings has surpassed consensus EPS estimates three times and topped consensus revenue estimates only once [2] Market Outlook - Enact Holdings shares have increased approximately 3.2% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is$ 1.13 on revenues of $311.7 million, and for the current fiscal year, it is$ 4.33 on revenues of $1.24 billion [7] Industry Context - The Zacks Industry Rank indicates that the Insurance - Multi line sector is currently in the top 36% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]