In This Article:
Assured Guaranty (NYSE:AGO) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$191.0m (down 45% from 2Q 2023).
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Net income: US$78.0m (down 37% from 2Q 2023).
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Profit margin: 41% (up from 36% in 2Q 2023).
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EPS: US$1.43 (down from US$2.10 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Assured Guaranty Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 8.1% from a week ago.
Valuation
Following the latest earnings results, Assured Guaranty may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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