Abacus Life Inc reports results for the quarter ended in June - Earnings Summary

Abacus Global Management

12/08/2024 16:05

* Abacus Life Inc  ABL.OQ  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in June.  The mean
expectation of three analysts for the quarter was for earnings
of 13 cents per share. Wall Street expected results to range
from 11 cents to 15 cents per share.
    * Revenue was $27.22 million​; analysts expected $26.71
million. 
    * Abacus Life Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $769.98
thousand.
    * Abacus Life Inc shares had risen by 22.4% this quarter and
gained 9.6% so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 Life Inc
is $14.00 
This summary was machine generated from LSEG data August 12 at
03:05 p.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 2024      0.13           0.18           Beat
                                  0.11