Ambac Financial Group (NYSE:AMBC) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Ambac Financial Group beat estimated earnings by 68.63%, reporting an EPS of $-0.16 versus an estimate of $-0.51.
Revenue was up $35.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.98 which was followed by a 6.62% drop in the share price the next day.
Here's a look at Ambac Financial Group's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.45 | -0.53 | -0.53 | -0.68 |
| EPS Actual | 0.53 | -0.30 | 0.59 | 0.08 |
| Revenue Estimate | 56.90M | 57.60M | 53.50M | 49.00M |
| Revenue Actual | 51.00M | 49.00M | 129.00M | 88.00M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
