Enact Holdings Full Year 2024 Earnings: Revenues Disappoint

Enact Holdings (NASDAQ:ACT) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.20b (up 4.2% from FY 2023).
• Net income: US$688.1m (up 3.4% from FY 2023).
• Profit margin: 57% (in line with FY 2023).
• EPS: US$4.40 (up from US$4.14 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enact Holdings Revenues Disappoint

Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Enact Holdings (of which 1 is significant!) you should know about.

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