MBIA Q3 Adj $(2.92) Misses $(0.15) Estimate, Sales $8.00M Beat $6.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
MBIA reported Q3 losses of $(2.92) per share, missing the analyst consensus estimate of $(0.15) by 1846.67%. This is a 758.82% decrease from the same period last year. However, the company's quarterly sales of $8.00 million beat the analyst consensus estimate of $6.93 million by 15.44%, despite being a 66.67% decrease from last year.
November 02, 2023 | 9:32 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
MBIA's Q3 earnings were significantly below expectations with losses of $(2.92) per share, a decrease of 758.82% YoY. Sales beat estimates but were down 66.67% YoY.
MBIA's Q3 earnings were significantly below analyst expectations, with losses per share missing estimates by a large margin. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term. Despite beating sales estimates, the YoY decrease in sales could also negatively impact the stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100