With earnings on tap for Aug. 3, Assured Guaranty is trading about 11% under a 65.78 buy point. The current formation is a second-stage consolidation.
Be aware that jumping into a stock right as it gets ready to report means you likely won't have enough time to build a profit cushion before the release. That leaves you exposed to a sudden and perhaps sharp drop if the company doesn't deliver the type of numbers analysts were looking for. You can minimize your exposure by waiting to see the actual numbers and the market's reaction.
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Earnings growth fell in the most recent report from 462% to 144%. But revenue gains moved higher, from -31% to 69%.
Consensus analyst estimates call for earnings growth of -44% for the quarter, and -34% growth for the full year.
Assured Guaranty has a 92 Composite Rating and holds the No. 5 rank among its peers in the Insurance-Property/Casualty/Title industry group. Kinsale Capital is the No. 1-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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