Wall Street analyst estimates for NMI Holdings, Inc. (NMIH): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
NMI Holdings, Inc. is a company operating within the United States that offers private mortgage guaranty insurance. In addition to its core insurance products, the firm also delivers outsourced loan assessment services, specifically catering to mortgage loan originators.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $632M | $631M – $634M | $5.27 | 5 |
| 2027E | $659M | $655M – $663M | $5.48 | 5 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 16 |
| Hold | 4 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 20 |
| Avg rating (−2 sell to +2 buy) | 0.80 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $1.30 | ||
| 2026-07-30 | $1.38 | $1.28 | +7.8% |
| 2026-04-30 | $1.28 | $1.22 | +4.9% |
| 2026-02-10 | $1.20 | $1.17 | +2.6% |
| 2025-11-04 | $1.21 | $1.21 | +0.0% |
| 2025-07-29 | $1.22 | $1.16 | +5.2% |
| 2025-04-29 | $1.28 | $1.10 | +16.4% |
| 2025-02-06 | $1.07 | $1.11 | -3.6% |
Valuation Ratios
| P/E Ratio | 8.50 |
| Price / Book | 1.21 |
| EV / EBITDA | 6.44 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $121.9M | $178.6M | $273.6M | $370.1M | $436.2M | $485.6M | $524.5M | $579.0M | $651.0M | $705.6M |
| Cost of Revenue | $2.4M | $6.0M | $5.7M | $14.8M | $62.1M | $14.8M | -$2.5M | $23.4M | $32.3M | $57.6M |
| Gross Profit | $119.5M | $172.7M | $267.9M | $355.4M | $374.1M | $470.8M | $527.0M | $555.6M | $618.7M | $647.9M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | 0 | $617,000 | $270,000 | $2.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | $108.1M | $119.9M | $131.9M | $138.7M | $156.0M | $174.1M | $149.7M | $142.9M | $155.3M | $148.1M |
| Operating Income | $11.5M | $52.8M | $136.0M | $216.7M | $218.1M | $296.7M | $377.3M | $412.7M | $463.4M | $499.8M |
| EBITDA | $32.0M | $73.0M | $158.8M | $238.0M | $252.4M | $339.8M | $421.3M | $456.5M | $512.2M | $539.5M |
| Interest Expense | $14.8M | $13.5M | $15.0M | $12.1M | $24.4M | $31.8M | $32.2M | $32.2M | $36.9M | $28.5M |
| Pre-tax Income | $11.5M | $52.8M | $136.0M | $216.7M | $218.1M | $296.7M | $377.3M | $412.7M | $463.4M | $499.8M |
| Income Tax | -$52.5M | $30.7M | $28.0M | $44.7M | $46.5M | $65.6M | $84.4M | $90.6M | $103.3M | $110.9M |
| Net Income | $64.0M | $22.1M | $107.9M | $172.0M | $171.6M | $231.1M | $292.9M | $322.1M | $360.1M | $388.9M |
| EPS | $1.11 | $0.37 | $1.66 | $2.54 | $2.20 | $2.70 | $3.45 | $3.91 | $4.51 | $5.01 |
| EPS (Diluted) | $1.08 | $0.35 | $1.60 | $2.47 | $2.13 | $2.65 | $3.39 | $3.84 | $4.43 | $4.92 |
| Shares Outstanding (Diluted) | 60.8 M | 62.2 M | 67.7 M | 69.7 M | 79.3 M | 86.9 M | 86.0 M | 83.9 M | 81.3 M | 79.0 M |
Price
| Price | $43.18 (closing price, October 29, 2026) |
| Market Cap | $3.2B |
| Exchange | NASDAQ |
| Country | US |
Related companies: ACT · MTG · ESNT · RDN
Explore sector: Financial Services · Insurance - Specialty
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