MBIA Inc reports results for the quarter ended December 31 - Earnings Summary

• MBIA Inc MBI.N reported a quarterly adjusted loss of 48 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of three analysts for the quarter was for a loss of 25 cents per share. Wall Street expected results to range from -47 cents to -3 cents per share.

• Revenue rose 11.1% to $10.00 million from a year ago; analysts expected $6.00 million.

• MBIA Inc's reported EPS for the quarter was a loss of $1.07​.

• The company reported a quarterly loss of $51 million.

• MBIA Inc shares had risen by 8.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the property & casualty insurance peer group is also "hold"

Wall Street's median 12-month price target for MBIA Inc is $8.00

This summary was machine generated from LSEG data February 28 at 03:06 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)