MGIC Investment Corp is expected to report third-quarter revenue of $318.50 million and EPS of $0.80, while its current price of $28.45 sits below the $32.50 average analyst price target.
Investors are primarily focused on New Insurance Written (NIW) volume as a gauge for market share growth in a challenging mortgage environment. Recent performance has been bolstered by high persistency rates and a clean credit profile, which helps offset headwinds from lower overall home sales.
Analysts will also look for updates on capital return programs, as the company has historically utilized its excess capital for aggressive share repurchases.