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

• 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)