For its second fiscal quarter (ending June 30), Ambac Financial Group Inc (NYSE: AMBC) has reported E.P.S. of $-0.02 compared to $-0.29 a year ago. This performance was $-0.26 short of the consensus estimate of $0.24. E.P.S. were $1.62 for the latest four quarters through June 30 versus $10.41 for the same period a year ago — a decline of -84%.
Recent Price Action
On 8/5/24, Ambac Financial Group Inc (NYSE: AMBC) stock declined by -4.2%, closing at $11.67. Moreover, above average trading volume at 136% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -9.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AMBC is expected to be Value Creation neutral.
Ambac Financial Group has a current Value Trend Rating of C (Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ambac Financial Group has a good Appreciation Score of 74 but a neutral Power Rating of 44, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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