Overview
Finance of America Q2 revenue beats analyst expectations, adjusted EPS missed, per LSEG data
Adjusted net income for Q2 missed analyst estimates, per LSEG data
Co to repurchase Blackstone's equity stake, enhancing financial flexibility
Outlook
Company expects growing demand from expanding demographic to drive growth
Finance of America sees positive signals from brand campaign and digital initiatives
Result Drivers
FUNDED VOLUME - Funded volume increased by 35% from Q2 2024, driving revenue growth
OPERATIONAL EXPENSES - Reduced operational expenses contributed to improved adjusted net income
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$177 mln
$97 mln (1 Analyst)
Q2 Adjusted EPS
Miss
$0.55
$0.61 (1 Analyst)
Q2 EPS
$2.13
Q2 Adjusted Net Income
Miss
$14 mln
$15.80 mln (1 Analyst)
Q2 Adjusted EBITDA
$30 mln
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Finance of America Companies Inc is $25.00, about 12.2% above its August 4 closing price of $21.96
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nBw7C3zVza
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)