Published on 6 May 2024 on Zacks via Yahoo Finance
NMI Holdings Inc (NMIH) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of NMI Holdings (NMIH)? Shares have been on the move with the stock up 4.8% over the past month. The stock hit a new 52-week high of $32.8 in the previous session. NMI Holdings has gained 9.5% since the start of the year compared to the 1.4% move for the Zacks Finance sector and the 12.6% return for the Zacks Insurance - Property and Casualty industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 30, 2024, NMI Holdings reported EPS of $1.08 versus consensus estimate of $0.96 while it beat the consensus revenue estimate by 2.51%.