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FOA — Finance of America Companies News Story

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Brief: Finance of America Q2 Adjusted EPS USD 0.55

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

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$177 mln$97 mln (1 Analyst)
Q2 Adjusted EPSMiss$0.55$0.61 (1 Analyst)
Q2 EPS$2.13
Q2 Adjusted Net IncomeMiss$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.)

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