Equity Profile

ACT

Enact Holdings, Inc.

FinancialsCommercial & Residential Mortgage Finance$5.8B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its market share and increase sales.

N/A

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

ACT Q2-2026 Earnings Preview

Context

Company Snapshot

Enact Holdings, Inc. operates in the financial sector, specifically focusing on commercial and residential mortgage finance. With a market cap of $6 billion, the company plays a crucial role in the housing market, impacting both homebuyers and investors.

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 Q1-2026, Enact reported an EPS of $1.21, slightly missing the estimate of $1.25. The stock reacted negatively, declining 0.21% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Enact's upcoming earnings, given the company's historical performance and the current housing market conditions.

Bull Case

If the company can exceed EPS estimates and show strong revenue growth, it may signal a recovery in the housing market and boost investor confidence.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its operational efficiency and the overall health of the mortgage finance sector.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be critical in determining if the company is on track to recover from its recent miss and meet investor expectations.

How has the loan origination volume changed in the last quarter?

This metric will provide insight into the demand for mortgages and the overall health of the housing market, which is crucial for Enact's business.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in the housing market, which could positively impact Enact's earnings this quarter.

Supporting Evidence

The options market is pricing a 17% move, indicating heightened expectations for volatility.

Enact has a history of surprising on the upside, with a 63% beat rate over the last eight quarters.

Recent trends in mortgage rates suggest a potential increase in loan origination volumes.

Key Risk

If loan origination volumes exceed expectations, it could significantly alter the outlook for the company's profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching how Enact performs against its historical earnings and the current economic backdrop.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case and indicate strong operational performance.

Bear Confirmed If

An EPS below $1.15 would confirm the bear case and raise concerns about the company's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.03%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±17.0% while ACT has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.9%

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 of around 1.3% on the first day, confirming a positive outlook.

In-Line / Cautious

If the results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.

Miss

If the company misses expectations, history suggests a potential decline of around 0.4%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan origination volume trends.
2Insights into the company's cost management strategies.
3Comments on the competitive landscape in the mortgage finance sector.
4Guidance on future earnings expectations.
5Management's outlook on the housing market.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its market share and increase sales.

N/A

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

ACT Q2-2026 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 Q1-2026, Enact reported an EPS of $1.21, slightly missing the estimate of $1.25. The stock reacted negatively, declining 0.21% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Enact's upcoming earnings, given the company's historical performance and the current housing market conditions.

Bull Case

If the company can exceed EPS estimates and show strong revenue growth, it may signal a recovery in the housing market and boost investor confidence.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its operational efficiency and the overall health of the mortgage finance sector.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be critical in determining if the company is on track to recover from its recent miss and meet investor expectations.

How has the loan origination volume changed in the last quarter?

This metric will provide insight into the demand for mortgages and the overall health of the housing market, which is crucial for Enact's business.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in the housing market, which could positively impact Enact's earnings this quarter.

Supporting Evidence

The options market is pricing a 17% move, indicating heightened expectations for volatility.

Enact has a history of surprising on the upside, with a 63% beat rate over the last eight quarters.

Recent trends in mortgage rates suggest a potential increase in loan origination volumes.

Key Risk

If loan origination volumes exceed expectations, it could significantly alter the outlook for the company's profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching how Enact performs against its historical earnings and the current economic backdrop.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case and indicate strong operational performance.

Bear Confirmed If

An EPS below $1.15 would confirm the bear case and raise concerns about the company's profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.03%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant potential move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±17.0% while ACT has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

21.9%

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 of around 1.3% on the first day, confirming a positive outlook.

In-Line / Cautious

If the results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.

Miss

If the company misses expectations, history suggests a potential decline of around 0.4%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan origination volume trends.
2Insights into the company's cost management strategies.
3Comments on the competitive landscape in the mortgage finance sector.
4Guidance on future earnings expectations.
5Management's outlook on the housing market.