Essent Historical Income Statement
| ESNT Stock | USD 57.77 1.07 1.89% |
Historical analysis of Essent income statement accounts such as Selling General Administrative of 80.5 M or Total Revenue of 581.9 M can show how well Essent Group performed in making a profits. Evaluating Essent income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Essent's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Essent Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Essent Group is a good buy for the upcoming year.
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About Essent Income Statement Analysis
Essent Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Essent shareholders. The income statement also shows Essent investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Essent Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Essent Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Essent Group minus its cost of goods sold. It is profit before Essent operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on Essent Group income statement and represents the costs associated with goods and services Essent provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Essent's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Essent Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essent Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Essent's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 900.5 M in 2024, whereas Total Revenue is likely to drop slightly above 581.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 805.3M | 800.4M | 890.3M | 458.7M | Total Revenue | 972.1M | 972.1M | 1.1B | 581.9M |
Essent income statement Correlations
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Essent Account Relationship Matchups
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High Negative Relationship
Essent income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.8M | 3.3M | 3.4M | 3.0M | 4.5M | 4.2M | |
| Interest Expense | 10.2M | 9.1M | 8.3M | 15.6M | 30.1M | 31.6M | |
| Selling General Administrative | 93.7M | 93.1M | 101.3M | 100.3M | 114.9M | 80.5M | |
| Total Revenue | 867.6M | 955.2M | 972.1M | 972.1M | 1.1B | 581.9M | |
| Gross Profit | 702.2M | 800.5M | 805.3M | 800.4M | 890.3M | 458.7M | |
| Other Operating Expenses | 208.5M | 465.1M | 149.8M | (16.0M) | (275.7M) | (261.9M) | |
| Operating Income | 655.7M | 480.3M | 811.9M | 1.0B | 857.6M | 900.5M | |
| Ebit | 556.9M | 655.7M | 480.3M | 811.9M | 1.0B | 0.0 | |
| Ebitda | 659.5M | 483.6M | 815.3M | 1.0B | 4.5M | 4.3M | |
| Total Operating Expenses | (211.9M) | (474.9M) | (160.2M) | 171.7M | 206.1M | 216.4M | |
| Income Before Tax | 659.1M | 490.1M | 822.3M | 988.2M | 823.0M | 423.2M | |
| Total Other Income Expense Net | 3.4M | 9.8M | 10.4M | (34.0M) | 823.0M | 864.1M | |
| Net Income | 555.7M | 413.0M | 681.8M | 831.4M | 696.4M | 352.4M | |
| Income Tax Expense | 103.3M | 77.1M | 140.5M | 156.8M | 126.6M | 70.8M | |
| Cost Of Revenue | 165.4M | 154.7M | 166.9M | 171.7M | 200.4M | 139.6M | |
| Net Income From Continuing Ops | 555.7M | 413.0M | 681.8M | 831.4M | 696.4M | 455.9M | |
| Net Income Applicable To Common Shares | 555.7M | 413.0M | 681.8M | 831.4M | 956.1M | 1.0B | |
| Tax Provision | 103.3M | 77.1M | 140.5M | 156.8M | 126.6M | 105.5M | |
| Net Interest Income | (10.2M) | (9.1M) | (8.3M) | (15.6M) | (30.1M) | (28.6M) | |
| Reconciled Depreciation | 3.8M | 3.3M | 3.4M | 3.0M | 4.5M | 4.0M |
Pair Trading with Essent
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Essent position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Essent will appreciate offsetting losses from the drop in the long position's value.Moving together with Essent Stock
The ability to find closely correlated positions to Essent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Essent when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Essent - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Essent Group to buy it.
The correlation of Essent is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Essent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Essent Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Essent can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Essent Stock Analysis
When running Essent's price analysis, check to measure Essent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essent is operating at the current time. Most of Essent's value examination focuses on studying past and present price action to predict the probability of Essent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essent's price. Additionally, you may evaluate how the addition of Essent to your portfolios can decrease your overall portfolio volatility.