Ambac Financial Group, Inc. (NASDAQ:AMBC) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AMBC to report 3Q20 loss of $ 0.64 per share from revenue of $ 52.10 million.
For the full year, analysts anticipate top line of $ 111.50 million, while looking forward to loss of $ 5.04 per share bottom line.
Previous Quarter Performance
Ambac Financial Group, Inc. unwinded loss for the second quarter of $ 0.52 per share, from the revenue of $ 75.00 million. Wall street analysts are predicting, AMBC to report 2Q20 loss of $ 0.61 per share from revenue of $ 50.20 million. The bottom line results beat street analysts by $ 0.09 or 14.75 percent, at the same time, top line results outshined analysts by $ 24.80 million or 49.40 percent.
Stock Performance
On Friday, shares of Ambac Financial Group, Inc. has traded high as $ 13.15 and has cracked $ 12.54 on the downward trend, reaching $ 12.75 with volume of 216.10 thousand shares.
According to the previous trading day, closing price of $ 12.75, representing a 46.80 % increase from the 52 week low of $ 8.74 and a 43.97 % decrease over the 52 week high of $ 22.90.
The company has a market capital of $ 584.07 million and is part of the Financial sector and Surety & Title Insurance industry.
Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions. The company was incorporated in 1971 and is headquartered in New York, New York.
