What is Zacks Research's Forecast for NMI FY2026 Earnings?

Key Points

• Zacks Research raised NMI Holdings’ FY2026 EPS forecast to $5.23 from $5.13, matching the current consensus estimate. It also projects FY2027 EPS of $5.43, indicating expected continued earnings growth.
• NMI’s latest quarterly results exceeded expectations, with EPS of $1.38 versus the $1.28 consensus and revenue of $187.89 million versus $156.26 million. Revenue increased 8.1% year over year, while net margin was 54.1%.
• Analyst sentiment remains favorable, with four Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $48.33, above the reported $45.61 share price.

NMI Holdings Inc (NASDAQ:NMIH - Free Report) - Research analysts at Zacks Research increased their FY2026 earnings per share (EPS) estimates for shares of NMI in a research report issued to clients and investors on Monday, August 17th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $5.23 per share for the year, up from their prior estimate of $5.13. The consensus estimate for NMI's current full-year earnings is $5.23 per share. Zacks Research also issued estimates for NMI's Q1 2027 earnings at $1.31 EPS, Q2 2027 earnings at $1.31 EPS, Q3 2027 earnings at $1.43 EPS, Q4 2027 earnings at $1.37 EPS, FY2027 earnings at $5.43 EPS and Q2 2028 earnings at $1.45 EPS.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The business had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $47.00 target price on shares of NMI in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on NMI from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Royal Bank Of Canada reissued an "outperform" rating and issued a $53.00 target price on shares of NMI in a research report on Tuesday, August 4th. UBS Group set a $46.00 price objective on shares of NMI in a research note on Friday, May 22nd. Finally, Truist Financial raised their target price on shares of NMI from $49.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, NMI has an average rating of "Moderate Buy" and an average target price of $48.33.

NMI Stock Up 0.1%

NMI stock opened at $45.61 on Wednesday. The stock has a market cap of $3.43 billion, a P/E ratio of 8.98, a P/E/G ratio of 1.24 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. NMI has a twelve month low of $34.84 and a twelve month high of $46.74. The company's 50-day moving average price is $41.68 and its two-hundred day moving average price is $39.58.

Insiders Place Their Bets

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the sale, the executive vice president directly owned 96,381 shares in the company, valued at $4,303,411.65. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Aurora Swithenbank sold 11,662 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the transaction, the executive vice president directly owned 50,734 shares in the company, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in NMI by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider's stock worth $163,237,000 after purchasing an additional 34,372 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of NMI by 5.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider's stock worth $82,234,000 after buying an additional 106,400 shares during the last quarter. Geode Capital Management LLC boosted its stake in NMI by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider's stock valued at $80,887,000 after buying an additional 5,274 shares in the last quarter. Bank of America Corp DE boosted its stake in NMI by 22.7% in the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider's stock valued at $48,937,000 after buying an additional 241,724 shares in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new position in NMI during the second quarter worth about $36,262,000. 94.12% of the stock is owned by institutional investors.

Trending Headlines about NMI

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Zacks Research raised its longer-term forecasts: FY2026 EPS increased to $5.23 from $5.13, FY2027 EPS to $5.43 from $5.31, and FY2028 EPS to $5.66 from $5.38. The firm also lifted estimates for several 2027 quarters and Q2 2028 EPS to $1.45 from $1.26. These revisions suggest expectations for stronger profitability and support the bullish sentiment toward NMI Holdings. NMI Holdings analyst estimates
• Positive Sentiment: The company’s current-year consensus EPS estimate remains $5.23, while the raised FY2027 forecast implies further earnings growth. With a reported price-to-earnings ratio below 9, the combination of expected growth and a relatively modest valuation may be attracting buyers.
• Neutral Sentiment: Near-term estimates were mixed: Zacks reduced its Q3 2026 EPS forecast to $1.30 from $1.33, but raised Q1 2028 EPS to $1.41 from $1.37. The isolated near-term cut is a modest offset to the more extensive upward revisions for later periods.

NMI Company Profile

NMI Holdings, Inc NASDAQ: NMIH is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers' access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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