Ambac Financial Group Inc reports results for the quarter ended September 30 - Earnings Summary

Octave Specialty

13/11/2024 14:14

* Ambac Financial Group Inc  AMBC.N  reported a quarterly
adjusted
loss of 46 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $2.00.  The mean expectation of three analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from -1 cents to 14 cents per share.
    * Revenue rose 167.4% to $115.00 million from a year ago;
analysts
expected $75.88 million. 
    * Ambac Financial Group Inc's reported EPS for the quarter
was a
loss of 63 cents​.
    * The company reported a quarterly loss of $27.5 million.
    * Ambac Financial Group Inc shares had risen by 4.4% this
quarter and lost 29.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is also "strong buy"

Wall Street's median 12-month price target for Ambac Financial
Group Inc is $17.00 
This summary was machine generated from LSEG data November 13 at
02:14 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      0.08           -0.46          Missed
 Jun. 30 2024      0.15           0.18           Beat
 Mar. 31 2024      0.09           0.82           Beat
 Dec. 31 2023      -0.02          0.32           Beat