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 % |
|---|---|---|---|---|
| Mar-11 | 0.20 | -5.68 | -5.88 | NA% |
| Dec-10 | -0.43 | 2.24 | 2.67 | NA% |
| Sep-10 | -0.58 | -1.06 | -0.48 | NA% |
| Jun-10 | -0.62 | 6.32 | 6.94 | NA% |
| Mar-10 | -1.02 | -0.15 | 0.87 | NA% |
(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.
