MBIA Inc. (MBI) is a $1.49 billion market cap company that trades an average of 3.54 million shares per day. Analysts are expecting an improvement of $4.79 in earnings per share compared with last quarter's results of $-5.68. The company was founded in 1973 and is based in Armonk, New York.
Time Released: After Closing Bell
Industry: Insurance (Prop. & Casualty)
Recent Price: $7.37
52 Week High: $14.96
52 Week Low: $7.20
Book Value: $8.81
A beat of $-0.89 per share, will top the estimated mean earnings. Analyst estimates range between $-0.89 and $-0.89 per share.
For the same fiscal period year-over-year, revenue has declined from $893.80 million for 2010 vs. $2.95 billion for 2009. The bottom line has falling earnings year-over-year of $52.53 million for 2010 vs. $623.24 million for 2009. The company's earnings before income and taxes are falling with an EBIT year-over-year of $-95.23 million for 2010 vs. $1.22 billion for 2009.
Revenue growth is at an annual rate of -69.74%.
|Fiscal Quarter Ending Month-Year||Revenue Estimates||Actual||$ Difference||Difference %|
|Mar-11||$ 142.79M||$ 137.20M||$ -5.59M||-3.91%|
|Dec-10||$ 144.93M||$ 144.54M||$ -0.39M||-0.27%|
|Sep-10||$ 140.36M||$ 136.53M||$ -3.83M||-2.73%|
|Jun-10||$ 80.50M||$ 156.32M||$ 75.82M||94.19%|
|Mar-10||$ 252.46M||$ 355.06M||$ 102.60M||40.64%|
M = millions, B = billions
Reported earnings per share compared with the mean estimate. Differences are rounded.
|Fiscal Quarter Ending Month-Year||Estimate||Actual||Difference||Difference %|
(Some onetime items are often excluded in reported EPS)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Disclaimer: I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, Google Finance, MSN Money, CNBC, Zacks and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest. I also often include some that are not "confirmed" but are "Proposed" for the same day.