MBIA's Earnings Outlook
Portfolio Pulse from Benzinga Insights
MBIA (NYSE:MBI) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts expecting an EPS of $-0.17. The company's past earnings performance shows a history of not meeting EPS estimates, leading to significant share price drops the following day. Shares of MBIA were trading at $6.84 as of February 26, down 43.67% over the last 52 weeks, indicating negative sentiment among long-term shareholders ahead of this earnings release.
February 27, 2024 | 7:02 pm
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NEGATIVE IMPACT
MBIA is expected to report an EPS of $-0.17 for the upcoming quarterly earnings. Historical performance shows a trend of not meeting EPS estimates, resulting in significant share price volatility. Currently, shares are down 43.67% over the last 52 weeks.
Given MBIA's history of not meeting EPS estimates and the subsequent negative impact on its share price, it is likely that the upcoming earnings report could lead to further downward pressure on the stock, especially if the company fails to meet or exceed the current EPS expectation. The long-term negative trend in the stock's performance adds to the bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100