MBIA, Inc. (NYSE:MBI) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MBI to report 3Q20 loss of $ 0.42 per share from revenue of $ 13.15 million.
For the full year, analysts anticipate top line of $ 56.50 million, while looking forward to loss of $ 2.2 per share bottom line.
Previous Quarter Performance
MBIA, Inc. outlined loss for the second quarter of $ 1.15 per share, from the revenue of $ 19.00 million. Wall street analysts are predicting, MBI to report 2Q20 loss of $ 0.27 per share from revenue of $ 14.20 million. The bottom line results missed street analysts by $ 0.88 or 325.93 percent, at the same time, top line results outshined analysts by $ 4.80 million or 33.80 percent.
Stock Performance
On Friday, shares of MBIA, Inc. has traded high as $ 5.88 and has cracked $ 5.56 on the downward trend, reaching $ 5.67 with volume of 394.70 thousand shares.
According to the previous trading day, closing price of $ 5.67, representing a 15.82 % increase from the 52 week low of $ 4.93 and a 43.8 % decrease over the 52 week high of $ 10.16.
The company has a market capital of $ 327.45 million and is part of the Financial Services sector and Insurance – Specialty industry.
MBIA Inc. provides financial guarantee insurance services to public finance markets. It operates through U.S.
