Momentum Stock: MBIA Inc. (MBI) | CWRUOBSERVER


MBIA Inc. (NYSE:MBI) is expected to report fourth quarter earnings after the close on Monday, Feb 29, with a conference call scheduled for 8:00 am EST next day. MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments. It issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities.

EXPECTATIONS: Analysts are looking for earnings per share of $0.12 on revenue of $81.30M. The consensus range is $0.11 to $0.12 for EPS on revenue of $81.30M to $81.30M. The company has registered positive earnings surprises in four of the last four quarters with an average of 114.93%.

LAST QUARTER: MBIA Inc. reported Q3 EPS of $0.15, topping the consensus estimate of $0.12. Revenue came in at $92M, which was above the consensus $82.50M projection. Looking back further, it reported an increase in revenues to $91M in Q2 from $101M in Q1. The consensus estimate was of $94.80M and $111.90M, respectively.

PRICE ACTION: recently moved to $6.71 and the average price target from Wall Street research analysts covering the stock is $10.17. The share price has dropped -32.77% from its peak and so far in this year moved backward -25.77%. The stock has a market capitalization of $1.03 billion. The company with 1.88 million shares changed hands has PE of 11.18. During the day, the stock touched a high of $6.84 and low of $6.68. In one month, its share price grew 3.71% and kept distance of 35.83% from worst level in 52 weeks.

MBIA Inc. (MBI) on February 23, 2016 announced that it will host a webcast and conference call for investors to discuss its fourth quarter and full year 2015 financial results and other issues related to the Company. The dial-in number for the call is (877) 694-4769 in the U.S. and (404) 665-9935 from outside the U.S. The conference call code is 48832913.

A replay of the conference call will be available approximately one hour after the completion of the call on March 1 until 11:59 p.m. on March 15 by dialing (800) 585-8367 in the U.S. or (404) 537-3406 from outside the U.S. The replay call code is 48832913. The replay of the call will also be available on the Company’s website.

Source: www.cwruobserver.com

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