Equity Profile

ACT

Enact Holdings, Inc.

FinancialsCommercial & Residential Mortgage Finance$5.8B

May5Tue

Post-Earnings Recap

ReportedQ1-2026After Close4:20 PM EDT

Enact Holdings, Inc. Misses on EPS, Stock Down 0.21%

Metric	Actual	Expected	Surprise
EPS	$1.21	$1.20	-3.59%
Revenue	—	$315M	—

management commentary, guidance changes, and full analysis available with Pro.

Enact Holdings, Inc. Misses on EPS, Stock Down 0.21%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.21	$1.20	-3.59%
Revenue	—	$315M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Enact Holdings reported an EPS of $1.21, slightly above expectations, but revenue figures were not disclosed. The stock reacted with a minor decline of 0.21%, indicating that investors may have been looking for more comprehensive financial details or guidance. The lack of revenue data and management commentary could contribute to investor uncertainty.

Company Snapshot

Enact Holdings, Inc. operates in the financial sector, focusing on commercial and residential mortgage finance....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$1.20

Revenue

Revenue figures will indicate the overall demand for mortgage insurance and the company's growth trajectory.

$315M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Enact Holdings, Inc. operates in the financial sector, focusing on commercial and residential mortgage finance. With a market cap of $6 billion, the company plays a crucial role in the housing market, providing mortgage insurance that helps borrowers secure loans and supports lenders in managing risk.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+5.71%

Avg Stock Reaction

+0.01%

Last Quarter Recap

In the last quarter, Enact reported an EPS of $1.23, exceeding estimates by 13.36%. Despite the positive earnings surprise, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Enact to report solid earnings this quarter, with a consensus EPS of $1.20. The market is closely watching how the company navigates the current mortgage landscape.

Bull Case

If Enact beats EPS expectations, it could signal strong demand for mortgage insurance and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if the company misses expectations, it may raise concerns about declining demand in the mortgage market, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$1.20

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$315M

Revenue figures will indicate the overall demand for mortgage insurance and the company's growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $1.20?

A beat on EPS would indicate strong performance and could boost investor confidence, while a miss might signal underlying issues.

What is the outlook for revenue growth in the current mortgage environment?

Understanding revenue growth will provide insight into demand for mortgage insurance and the company's ability to capitalize on market opportunities.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent housing market trends on Enact's performance, particularly if demand for mortgage insurance remains strong despite economic headwinds.

Supporting Evidence

The company's recent EPS trends show a consistent ability to exceed expectations, suggesting resilience.

Options pricing indicates a larger expected move than historical averages, hinting at potential volatility that could favor the upside.

Key Risk

If the revenue growth exceeds $320M, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well Enact adapts to current market challenges and whether it can sustain growth.

Bull Confirmed If

An EPS of $1.25 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $1.15 would raise concerns about market conditions and demand for mortgage insurance.

Pre-Earnings Positioning

Options Market

Implied Move

±5.71%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant move following the earnings report, indicating heightened investor uncertainty.

Options are pricing ±19.0% while ACT has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

18.0%

Calls (100)P/C Ratio: 0.20Puts (0)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$33.6M

820,567 sh

1 insider

Net

$33.6M

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Enact beats expectations, history suggests the stock could see a modest increase, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss could lead to a more significant downturn, with history suggesting an average decline of around 0.72% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the company's strategies to adapt to changing mortgage market conditions.
2Details on how rising interest rates are impacting mortgage insurance demand.
3Insights into the competitive landscape and how Enact plans to differentiate itself.
4Management's commentary on future growth opportunities and potential challenges.
5Any guidance on expected performance in the upcoming quarters.

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Company Snapshot

Enact Holdings, Inc. operates in the financial sector, focusing on commercial and residential mortgage finance....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$1.20

Revenue

Revenue figures will indicate the overall demand for mortgage insurance and the company's growth trajectory.

$315M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+5.71%

Avg Stock Reaction

+0.01%

Last Quarter Recap

In the last quarter, Enact reported an EPS of $1.23, exceeding estimates by 13.36%. Despite the positive earnings surprise, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Enact to report solid earnings this quarter, with a consensus EPS of $1.20. The market is closely watching how the company navigates the current mortgage landscape.

Bull Case

If Enact beats EPS expectations, it could signal strong demand for mortgage insurance and effective cost management, potentially driving the stock higher.

Bear Case

Conversely, if the company misses expectations, it may raise concerns about declining demand in the mortgage market, leading to a negative reaction in the stock.

Key Metrics to Watch

EPS

$1.20

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$315M

Revenue figures will indicate the overall demand for mortgage insurance and the company's growth trajectory.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $1.20?

A beat on EPS would indicate strong performance and could boost investor confidence, while a miss might signal underlying issues.

What is the outlook for revenue growth in the current mortgage environment?

Understanding revenue growth will provide insight into demand for mortgage insurance and the company's ability to capitalize on market opportunities.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent housing market trends on Enact's performance, particularly if demand for mortgage insurance remains strong despite economic headwinds.

Supporting Evidence

The company's recent EPS trends show a consistent ability to exceed expectations, suggesting resilience.

Options pricing indicates a larger expected move than historical averages, hinting at potential volatility that could favor the upside.

Key Risk

If the revenue growth exceeds $320M, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well Enact adapts to current market challenges and whether it can sustain growth.

Bull Confirmed If

An EPS of $1.25 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $1.15 would raise concerns about market conditions and demand for mortgage insurance.

Pre-Earnings Positioning

Options Market

Implied Move

±5.71%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant move following the earnings report, indicating heightened investor uncertainty.

Options are pricing ±19.0% while ACT has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

18.0%

Calls (100)P/C Ratio: 0.20Puts (0)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$33.6M

820,567 sh

1 insider

Net

$33.6M

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Enact beats expectations, history suggests the stock could see a modest increase, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss could lead to a more significant downturn, with history suggesting an average decline of around 0.72% following such outcomes.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on the company's strategies to adapt to changing mortgage market conditions.
2Details on how rising interest rates are impacting mortgage insurance demand.
3Insights into the competitive landscape and how Enact plans to differentiate itself.
4Management's commentary on future growth opportunities and potential challenges.
5Any guidance on expected performance in the upcoming quarters.