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

Assured Guaranty

08/05/2024 17:00

* Assured Guaranty Ltd  AGO.N  reported quarterly adjusted
earnings of $1.96​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.12.  The mean expectation of five analysts
for the quarter was for earnings of $1.50 per share. Wall Street
expected results to range from 98 cents to $1.96 per share.
    * Revenue rose 145.7% to $199.00 million from a year ago;
analysts
expected $226.20 million. 
    * Assured Guaranty Ltd's reported EPS for the quarter was
$1.89​.
    * The company reported quarterly net income of $109 million.
    * Assured Guaranty Ltd shares had fallen by 10.1% this
quarter and
gained 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
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 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Assured
Guaranty
Ltd is $106.00 

This summary was machine generated from LSEG data May 8 at 03:59
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
 Mar. 31 2024      1.50           1.96           Beat
 Dec. 31 2023      1.18           5.75           Beat
 Sep. 30 2023      1.05           3.42           Beat
 Jun. 30 2023      1.04           0.60           Missed