Ambac(US:AMBC) Zacks Investment Researchยท2024-05-13 14:51Group 1 - Ambac Financial Group, Inc. (AMBC) is positioned well within the Insurance - Property and Casualty industry, which has a Zacks Industry Rank of 38 out of over 250 industries, indicating strong overall performance [1][2] - The company has experienced significant earnings estimate revisions, with current quarter estimates increasing from 9 cents per share to 19 cents per share, and current year estimates rising from 45 cents per share to $1.45 per share [2] - Ambac has achieved a Zacks Rank 2 (Buy), reflecting analysts' growing bullish sentiment regarding the company's short and long-term prospects [2] Group 2 - The Insurance - Property and Casualty industry is benefiting from broad trends that are positively impacting securities across the sector, suggesting a favorable environment for investments [1] - Ambac's recent earnings estimate revisions indicate a strong position within a robust industry, making it an attractive option for investors [2]