Assured Guaranty Earnings: Everything You Must Know Now

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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.”

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