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

Reuters11-09
Ambac Financial Group Inc <ambc.n> expected to post earnings of 8 cents a share - Earnings Preview </ambc.n>
  • 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 ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

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)

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