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

• MBIA Inc MBI.N reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of two analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -19 cents to -7 cents per share.

• Revenue rose 55.6% to $14.00 million from a year ago; analysts expected $6.00 million.

• MBIA Inc's reported EPS for the quarter was a loss of $1.28​.

• MBIA Inc shares had fallen by 6.8% this quarter and lost 28.2% so far this year.

FORECAST CHANGES

• 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 "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 $7.50

This summary was machine generated from LSEG data May 9 at 03:42 a.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)