Ambac Financial Group Inc expected to post earnings of 8 cents a share - Earnings Preview

Octave Specialty

08/11/2024 21:38

* Ambac Financial Group Inc  AMBC.N   AMBC.K  is expected
to show
a rise in quarterly revenue when it reports  results on November
12 for the period ending September 30 2024
    * The New York City-based  company is expected to report a
76.5% increase in revenue to $75.88 million from $43 million a
year ago, according to the estimate from one analyst, based on
LSEG data. (Sales/Revenue Majority Basis is on Total revenues
before expenses and reorganization items)
    * ​LSEG's mean analyst estimate for Ambac Financial Group
Inc is
for earnings of 8 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ambac
Financial
Group Inc is 17.00​, above​ its last closing price of $11.30.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.17        0.15       0.18      Beat    20
 Mar. 31 2024  0.12        0.09       0.82      Beat    864.7
 Dec. 31 2023  -0.03       -0.02      0.32      Beat    1,700​
 Jan. 1 0001   -0.19       -0.18      2.00      Beat    1,181.
                                                        1
 ​​            -0.17       -0.16      0.07      Beat    143.8
 Mar. 31 2023  -0.31       -0.31      -0.30     Beat    3.2​
 Jan. 1 0001   0.81        0.88       4.18      Beat    376.8
 Sep. 30 2022  -0.73       -0.72      7.37      Beat    1,116.
                                                        6
 This summary was machine generated November 8 at 21:38 GMT.  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)