What to Expect From MBIA's Earnings Report Wednesday

Aug. 8.11 | About: MBIA Inc. (MBI)

MBIA Inc. (NYSE: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%
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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%
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(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.