Assured Guaranty Earnings: Everything You Must Know Now

Assured Guaranty Ltd. (NYSE:AGO) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Assured Guaranty Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.75% to $0.52 in the quarter versus EPS of $0.61 in the year-earlier quarter.

Revenue: Decreased 59.32% to $309 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Assured Guaranty Ltd. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.63. It beat the average revenue estimate of $202.2 million.

Quoting Management: “We continued to produce significant operating earnings in a challenging environment, once again demonstrating the effectiveness of our alternative strategies, as well as the strength of Assured Guaranty’s well-established business model,” said Dominic Frederico, President and CEO. “We are optimistic about our prospects in a higher interest rate environment and as the market gets to know our new, 100% U.S. municipal insurance platform, Municipal Assurance Corp. We also look forward to growth in our international business, where we closed two important UK infrastructure transactions in July.”

Key Stats (on next page)…

Revenue decreased 275.57% from $176 million in the previous quarter. EPS decreased 61.19% from $1.34 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.67 to a profit $0.68. For the current year, the average estimate has moved up from a profit of $2.74 to a profit of $3.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]