Assured Guaranty (AGO) Q3 Earnings and Revenues Beat Estimates

Core Viewpoint - Assured Guaranty reported quarterly earnings of $2.42 per share, significantly exceeding the Zacks Consensus Estimate of $1.42 per share, although down from $3.42 per share a year ago, indicating a 70.42% earnings surprise [1] Group 1: Earnings Performance - The company surpassed consensus EPS estimates three times over the last four quarters [2] - Assured Guaranty posted revenues of $204 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 10.99%, compared to $201 million in the same quarter last year [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] Group 2: Stock Performance and Outlook - Assured Guaranty shares have increased approximately 17% since the beginning of the year, while the S&P 500 has gained 25.7% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $1.48 for the coming quarter and $6.30 for the current fiscal year [4][7] Group 3: Industry Context - The Zacks Industry Rank for Insurance - Multi line is currently in the top 23% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]