Market Overview

Earnings Preview: Ambac Financial Group

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Ambac Financial Group (NYSE: AMBC) will be releasing its next round of earnings this Thursday, August 06. For all of the relevant information, here is your guide for Thursday's Q2 earnings announcement.

Earnings and Revenue

Ambac Financial Group EPS will likely be near $-0.61 while revenue will be around $50.20 million, according to analysts. Ambac Financial Group EPS in the same period a year ago totaled $1.880. Revenue was $89.13 million. If the company were to match the consensus estimate, earnings would be down 132.45%. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.53 -0.46 0.59 -0.14
EPS Actual -5.75 -1.91 1.63 1.88
Revenue Estimate 59.90 M 68.72 M 138.70 M 75.60 M
Revenue Actual -70.00 M 91.00 M 216.16 M 89.13 M

Stock Performance

Over the past 52-week period, shares of Ambac Financial Group have declined 30.45%.

Considering these returns, shareholders will likely be feeling unsatisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Ambac Financial Group is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.ambac.com%2Fhome%2Fdefault.aspx&eventid=2520006&sessionid=1&key=A0CAFBF583170956A932F420AE839C87&regTag=&sourcepage=register

 

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Posted-In: Earnings