NMI Holdings (NMIH) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.38
- Estimate
- $1.29
- Surprise
- +7.1%
- Revenue (period 2026-06-30)
- $187.9M
- Score at report (before → after)
- 6.1 → 6.2/10
Revenue source: xbrl.
How the report landed
NMI Holdings (NMIH) beat the $1.29 estimate with diluted EPS of $1.38 — a clear 7.1% upside surprise. TrendMatrix's engine moved from Hold (6.1/10) to Buy (Wait) at 6.2/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NMIH Buy (Wait) at 6.0/10.
3 of the last 4 quarters beat the estimate; this quarter's +7.1% surprise compares with a +3.2% four-quarter average. Next scheduled report: 2026-11-03.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.1 in RISK_OFF)
- Sector modifier (Financial Services): +1.0
What argues against it
- Concentration risk — Regulatory: Wisconsin OCI
- Analyst target reached - limited upside remaining
- Near 52-week high (2.9% away)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $45.39
- Entry target
- $40.96
- Price target
- $52.20
- Stop
- $39.53
- Upside to target
- +15.0%
At 8.7× trailing and 8.2× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
NMIH at TrendMatrix's latest read
For financials, the EPS print is only half the story: credit costs, reserve builds, and rate sensitivity decide how a quarter actually lands.
- Industry
- Insurance - Specialty
- Market cap
- $3.35B
- P/E (fwd)
- 8.2
- P/E (ttm)
- 8.7
- 52-week range
- $34.84–$46.74
- Off 52-week high
- 2.9%
- RSI (14)
- 45
- Volume vs avg
- 0.95×
- Score today
- 6.0/10