logo
  Join        Login             Stock Quote

MBIA Inc. (NYSE: MBI ): Q3 Earnings Preview

 November 03, 2011 11:01 AM
 


MBIA Inc. (NYSE: MBI ) is expected to report its Q3 results on Nov 7, 2011.

U.S.-housing-related losses have become more stable and appear more predictable. And of course, the exposure continues to decrease. I think new delinquencies in the company's second lien mortgage book will be consistent with my expectations, and payments may be somewhat above what my model predicted. I think MBIA would have also achieved substantial reductions in future volatility by commuting a number of CDO transactions. Reductions in statutory reserves for RMBS and ABS CDOs could more than offset increases in reserves for CMBS.

[Related -How To Invest Like Bill Ackman]

For the third quarter of 2011, MBIA is likely to report revenue of $134.1 million, a decrease of 1.8 percent over the same quarter a year ago. Operating loss is likely to come in at $185.9 million, compared with an operating loss of $356.6 million in the same quarter a year ago. Net profit is likely to come in at $66 million, compared with a net loss of $213.4 million in the same quarter a year ago.

National public finance is expected to perform in line with expectations in the quarter, with adjusted pre-tax income in excess of $150 million. The structured finance and international business primarily conducted in MBIA Insurance Corp. is expected to report adjusted pre-tax income in excess of $190 million.

Net-on-net, the company is likely to report EPS of $0.3 for Q3 2011 compared with $-1.06 in Q3 2010.

iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageGoogle: Still Opportunities Ahead

Google (GOOGL) shares are finally recovering after announcing third-quarter earnings last week that were read on...

article imageThis Technical Indicator May Be The Simplest Way To Pick Winning Stocks

What's the first rule of successful real estate investing? Of course, you just said to yourself, "location, read on...

article imageUpdate On Crude Oil Markets

Crude prices came under pressure again today. According to Reuters (from last week), the Saudis “will read on...

article imageDelta Air Lines (DAL): Panic Selling Makes This Airline Stock Ripe For A Quick Pop

If there ever were a teaching moment in the stock market, it was this week. Earnings, trendlines and read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

AAPL Drags Nasdaq Lower In Mixed Session
More Articles on: Finance



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.