Assured Guaranty Ltd reports results for the quarter ended in June - Earnings Summary

Assured Guaranty

08/08/2024 03:30

* Assured Guaranty Ltd  AGO.N  reported quarterly adjusted
earnings of $1.44​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of five analysts
for the quarter was for earnings of $1.39 per share. Wall Street
expected results to range from $1.30  to $1.47 per share.
    * Revenue rose 97.6% to $168.00 million from a year ago;
analysts
expected $194.37 million. 
    * Assured Guaranty Ltd's reported EPS for the quarter was
$1.41​.
    * The company reported quarterly net income of $78 million.
    * Assured Guaranty Ltd shares had fallen by 0.2% this
quarter and
gained 2.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $106.00 
This summary was machine generated from LSEG data August 8 at
02:30 a.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
 Jun. 30 2024      1.39           1.44           Beat
 Mar. 31 2024      1.32           1.96           Beat
 Dec. 31 2023      1.18           5.75           Beat
 Sep. 30 2023      1.05           3.42           Beat