NMI Holdings (NMIH) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $1.23
- Estimate
- $1.31
- Surprise
- -6.2%
- Score at report (before → after)
- 6.1 → 6.3/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
NMI Holdings (NMIH) missed the $1.31 estimate with adjusted EPS of $1.23 — a clear 6.2% shortfall. TrendMatrix's engine moved from Hold (6.1/10) to Buy (Wait) at 6.3/10 after the report — the engine's score rose despite the miss.
Coverage in the report window
- NMI Holdings Q3 Adj. EPS $1.23 Misses $1.30 Estimate, Sales $187.550M Beat $159.802M Estimate — benzinga, 2026-11-05
Where TrendMatrix's rating stands now
TrendMatrix currently rates NMIH Buy (Wait) at 6.2/10.
3 of the last 4 quarters beat the estimate; this quarter's -6.2% surprise compares with a +1.5% four-quarter average.
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
- Negative momentum
- Momentum score 3.6/10 — below 4.5 minimum
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
- $37.83
- Entry target
- $36.24
- Price target
- $41.76
- Stop
- $33.70
- Upside to target
- +10.4%
- Reward-to-risk
- 1.2:1
At 8.7× trailing and 8.1× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — 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
- $3.33B
- P/E (fwd)
- 8.1
- P/E (ttm)
- 8.7
- 52-week range
- $35.12–$46.74
- Off 52-week high
- 19.1%
- RSI (14)
- 39
- Volume vs avg
- 0.40×
- Score today
- 6.2/10