MBIA (NYSE: MBI ) is expected to report Q3 earnings on Nov. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MBIA's revenues will drop -62.6% and EPS will decrease -87.2%.
The average estimate for revenue is $106.3 million. On the bottom line, the average EPS estimate is $0.18.
Last quarter, MBIA tallied revenue of $251.0 million. GAAP reported sales were much higher than the prior-year quarter's $104.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.57. GAAP EPS of $2.98 for Q2 were 338% higher than the prior-year quarter's $0.68 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 92.3%, 6,250 basis points better than the prior-year quarter. Operating margin was 84.3%, 13,330 basis points better than the prior-year quarter. Net margin was 57.8%, 7,390 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $519.3 million. The average EPS estimate is -$1.53.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 548 members out of 1,004 rating the stock outperform, and 456 members rating it underperform. Among 271 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give MBIA a green thumbs-up, and 148 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MBIA is outperform, with an average price target of $15.67.