Assured Guaranty Ltd reports results for the quarter - Earnings Summary

Assured Guaranty

12/11/2024 19:26

* Assured Guaranty Ltd  AGO.N  reported quarterly adjusted
earnings of $2.42​​ per share for the quarter , lower than the
same quarter last year, when the company reported EPS of $3.42. 
The mean expectation of five analysts for the quarter was
for earnings of $1.35 per share. Wall Street expected results to
range from $1.10  to $1.47 per share.
    * Revenue rose 161.1% to $248.00 million from a year ago;
analysts
expected $201.38 million. 
    * Assured Guaranty Ltd's reported EPS for the quarter was
$3.17​.
    * The company reported quarterly net income of $171 million.
    * Assured Guaranty Ltd shares had risen by 12.6% this
quarter and
gained 19.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Assured Guaranty
Ltd is $101.00 
This summary was machine generated from LSEG data November 12 at
07:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.35           2.42           Beat
 Jun. 30 2024      1.39           1.44           Beat
 Mar. 31 2024      1.32           1.96           Beat
 Dec. 31 2023      1.18           5.75           Beat