Essent Financial Statements From 2010 to 2024
| ESNT Stock | USD 54.15 0.24 0.45% |
Gross Profit 1.1 B | Profit Margin 0.6418 | Market Capitalization 5.8 B | Enterprise Value Revenue 5.3604 | Revenue 1.1 B |
Essent Total Revenue |
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Check Essent financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Essent main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.2 M, Interest Expense of 31.6 M or Selling General Administrative of 80.5 M, as well as many exotic indicators such as Price To Sales Ratio of 4.88, Dividend Yield of 0.0147 or PTB Ratio of 2.08. Essent financial statements analysis is a perfect complement when working with Essent Valuation or Volatility modules.
Essent | Select Account or Indicator |
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Essent Cash Flow Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Essent Fundamental Market Drivers
| Forward Price Earnings | 8.0386 | |
| Cash And Short Term Investments | 5.4 B |
Essent Upcoming Events
| 9th of February 2024 Upcoming Quarterly Report | View | |
| 3rd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 9th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
About Essent Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Essent income statement, its balance sheet, and the statement of cash flows. Essent investors use historical funamental indicators, such as Essent's revenue or net income, to determine how well the company is positioned to perform in the future. Although Essent investors may use each financial statement separately, they are all related. The changes in Essent's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Essent's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Essent Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Essent. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 1.1 B | 581.9 M | |
| Cost Of Revenue | 200.4 M | 139.6 M | |
| Stock Based Compensation To Revenue | 0.02 | 0.02 | |
| Sales General And Administrative To Revenue | 0.11 | 0.10 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | (0) | (0) | |
| Revenue Per Share | 10.27 | 10.78 | |
| Ebit Per Revenue | 0.79 | 0.83 |
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
| 0.82 | ACT | Enact Holdings Earnings Call This Week | PairCorr |
Moving against Essent Stock
| 0.5 | JRVR | James River Group Earnings Call This Week | PairCorr |
| 0.41 | PPHI | Positive Physicians | PairCorr |
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.Check out the analysis of Essent Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary 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.
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Is Essent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Essent. If investors know Essent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Essent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.199 | Dividend Share 1 | Earnings Share 6.5 | Revenue Per Share 10.215 | Quarterly Revenue Growth 0.242 |
The market value of Essent Group is measured differently than its book value, which is the value of Essent that is recorded on the company's balance sheet. Investors also form their own opinion of Essent's value that differs from its market value or its book value, called intrinsic value, which is Essent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Essent's market value can be influenced by many factors that don't directly affect Essent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Essent's value and its price as these two are different measures arrived at by different means. Investors typically determine if Essent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.