MBIA Inc reports results for the quarter ended June 30 - Earnings Summary

• MBIA Inc MBI.N reported a quarterly adjusted loss of 17 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-2.90. The mean expectation of three analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -19 cents to -8 cents per share.

• Revenue fell 12.5% to $7.00 million from a year ago; analysts expected $6.00 million.

• MBIA Inc's reported EPS for the quarter was a loss of $1.12​.

• MBIA Inc shares had risen by 55.5% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.8% 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 "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 "buy."

• Wall Street's median 12-month price target for MBIA Inc is $6.50, about 1.5% below its last closing price of $6.60

This summary was machine generated from LSEG data August 6 at 10:48 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)