Abacus Global Management Inc reports results for the quarter ended June 30 - Earnings Summary
Abacus Global Management Inc reports results for the quarter ended June 30 - Earnings Summary
Abacus Global Management Inc ABX.N reported quarterly adjusted earnings of 28 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of seven analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 22 cents to 26 cents per share.
Revenue rose 29.9% to $73.02 million from a year ago; analysts expected $66.09 million.
Abacus Global Management Inc's reported EPS for the quarter was 7 cents.
The company reported quarterly net income of $6.63 million.
Abacus Global Management Inc shares had fallen by 1.4% this quarter and gained 23.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"
Wall Street's median 12-month price target for Abacus Global Management Inc is $14.00, about 25.7% above its last closing price of $10.40
This summary was machine generated from LSEG data August 7 at 06:03 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.24 | 0.28 | Beat |
Mar. 31 2026 | 0.21 | 0.21 | Met |
Dec. 31 2025 | 0.19 | 0.23 | Beat |
Sep. 30 2025 | 0.18 | 0.20 | Beat |
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