Ambac Financial Group Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 25, 2025
EPS estimate $0.0600
EPS actual -
Revenue estimate -
Revenue actual -
Expected change +/- 3.84%
Q3 2024 Missed
-$0.460 (-428.57%)
Release date Nov 12, 2024
EPS estimate $0.140
EPS actual -$0.460
EPS Surprise -428.57%
Revenue estimate 22.19M
Revenue actual 114M
Revenue Surprise 413.74%
Q2 2024 Missed
$0.180 (-5.26%)
Release date Aug 05, 2024
EPS estimate $0.190
EPS actual $0.180
EPS Surprise -5.26%
Revenue estimate 73.3M
Revenue actual 105M
Revenue Surprise 43.25%
Q1 2024 Beat
$0.82 (290.48%)
Release date May 06, 2024
EPS estimate $0.210
EPS actual $0.82
EPS Surprise 290.48%
Revenue estimate 76.97M
Revenue actual 102M
Revenue Surprise 32.52%

Last 4 Quarters for Ambac Financial Group

Below you can see how AMBC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 06, 2024
Fiscal end date Mar 31, 2024
Price on release $15.12
EPS estimate $0.210
EPS actual $0.82
EPS surprise 290.48%
Date Price
Apr 30, 2024 $14.45
May 01, 2024 $14.82
May 02, 2024 $14.89
May 03, 2024 $14.67
May 06, 2024 $15.12
May 07, 2024 $18.04
May 08, 2024 $18.32
May 09, 2024 $18.33
May 10, 2024 $18.16
4 days before 4.64%
4 days after 20.11%
On release day 19.31%
Change in period 25.67%
Q2 2024 Missed
Release date Aug 05, 2024
Fiscal end date Jun 30, 2024
Price on release $11.67
EPS estimate $0.190
EPS actual $0.180
EPS surprise -5.26%
Date Price
Jul 30, 2024 $12.96
Jul 31, 2024 $13.19
Aug 01, 2024 $12.48
Aug 02, 2024 $12.18
Aug 05, 2024 $11.67
Aug 06, 2024 $10.40
Aug 07, 2024 $10.53
Aug 08, 2024 $10.58
Aug 09, 2024 $11.18
4 days before -9.95%
4 days after -4.20%
On release day -10.88%
Change in period -13.73%
Q3 2024 Missed
Release date Nov 12, 2024
Fiscal end date Sep 30, 2024
Price on release $11.66
EPS estimate $0.140
EPS actual -$0.460
EPS surprise -428.57%
Date Price
Nov 06, 2024 $11.61
Nov 07, 2024 $11.28
Nov 08, 2024 $11.39
Nov 11, 2024 $11.60
Nov 12, 2024 $11.66
Nov 13, 2024 $12.91
Nov 14, 2024 $12.13
Nov 15, 2024 $12.35
Nov 18, 2024 $12.45
4 days before 0.474%
4 days after 6.73%
On release day 10.70%
Change in period 7.24%
Q4 2024 (Upcoming)
Release date Feb 25, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $0.0600
EPS actual -
Date Price
Feb 10, 2025 $11.66
Feb 11, 2025 $11.75
Feb 12, 2025 $11.50
Feb 13, 2025 $11.67
Feb 14, 2025 $11.66

Ambac Financial Group Earnings Call Transcript Summary of Q3 2024

  • Ambac Financial Group, Inc. - The company is focusing on organic growth through new Managing General Agent (MGA) launches and is poised to execute a $50 million share buyback program.
  • Key Financial Highlights:
    • Q3 2024 Results:
      • Net loss of $28 million ($0.63 per diluted share), compared to a net income of $66 million ($1.41 per diluted share) in Q3 2023.
      • Adjusted net loss of $19 million ($0.46 per diluted share) for Q3 2024, vs. adjusted net income of $94 million ($2 per diluted share) in Q3 2023.
      • Total premium production reached $260 million, marking an 86% increase year-over-year.
      • Year-to-date premiums totaled $611 million, 68% higher than the previous year.
      • Combined EBITDA from P&C businesses was approximately $20 million.
  • Strategic Growth Initiatives:
    • Acquisition of Beat Capital:
      • Closed on July 31, contributing $64 million in premiums.
      • Positioned as an integral part of Ambac's growth strategy, focusing on top-tier underwriting performance and alignment of interests with partners.
    • New MGA Launches:
      • Six new MGAs launched in 2024, expected to drive significant organic growth starting in 2025.
      • New programs encompass a wide range of risk classes, enhancing Ambac's market offering.
    • Market Conditions:
      • Favorable conditions in U.S. Casualty lines, with ongoing rate increases.
      • Anticipation of stabilization in property insurance pricing due to recent natural events.
  • Financial Outlook:
    • Anticipation of closing the Legacy Financial Guarantee business sale, which is expected to complete Ambac's transition into a full-fledged P&C business.
    • Long-term goal of achieving an EBITDA of $70 million to $80 million by 2028, largely driven by organic growth and successful integration of recent acquisitions.
  • Other Notables:
    • Everspan demonstrated strong underwriting profitability with improvements in combined ratios (100.5% for Q3 2024).
    • The company is positioned to enhance its insurance distribution business and has plans to introduce new non-GAAP measures aligning with its P&C focus.
    • Ongoing regulatory approval process for the sale of the Legacy business is progressing without current issues reported.
  • Conclusion:
    • Ambac is making significant strides in transforming into a specialty P&C franchise with a clear focus on organic growth through new partnerships and MGAs.
    • The near-term outlook includes strong expectations for premium growth and operational synergies from recent acquisitions, while long-term strategic goals emphasize profitability and market leadership.
    • Investors should monitor developments regarding regulatory approvals and the effectiveness of the new startups in contributing to overall growth.

Ambac Financial Group Earnings History

Earnings Calendar

FAQ

When is the earnings report for AMBC?
Ambac Financial Group (AMBC) has scheduled its earnings report for Feb 25, 2025 after the markets close.

What is the AMBC price-to-earnings (P/E) ratio?
AMBC P/E ratio as of Feb 14, 2025 (TTM) is -28.86.

What is the AMBC EPS forecast?
The forecasted EPS (Earnings Per Share) for Ambac Financial Group (AMBC) for the first fiscal quarter 2024 is $0.0600.

What are Ambac Financial Group's retained earnings?
On its balance sheet, Ambac Financial Group reported retained earnings of $114.00 million for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT AMBAC FINANCIAL GROUP
Ambac Financial Group
Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services. The company was incorpor...
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