* MBIA Inc reported a quarterly adjusted loss of $2.90 per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of -45 cents. The mean expectation of four analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -28 cents to -8 cents per share.
* Revenue held steady 0% to $8.00 million from a year ago; analysts expected $7.00 million.
* MBIA Inc's reported EPS for the quarter was a loss of $5.34.
* The company reported a quarterly loss of $254 million.
* MBIA Inc shares had fallen by 24.2% this quarter and lost 32.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 16.7% 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 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for MBIA Inc is $6.75 This summary was machine generated from LSEG data August 6 at 10:45 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
Jun. 30 2024 -0.15 -2.90 Missed
Mar. 31 2024 -0.15 -0.52 Missed
Dec. 31 2023 -0.13 -0.16 Missed
Sep. 30 2023 -0.15 -2.92 Missed
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