Finance of America Companies Inc reports results for the quarter ended in December - Earnings Summary

Finance of America Companies

07/03/2024 24:05

* Finance of America Companies Inc  FOA.N  reported a
quarterly
adjusted loss of 9 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -30 cents.  The mean expectation of
two analysts for the quarter was for a loss of 8 cents per
share. Wall Street expected results to range from -9 cents to -8
cents per share.
    * Revenue rose 194.6% to $275.73 million from a year ago;
analysts
expected $63.22 million. 
    * Finance of America Companies Inc's reported EPS for the
quarter
was 69 cents​.
    * The company reported quarterly net income of $61.36
million.
    * Finance of America Companies Inc shares had fallen
by 24.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Finance of
America Companies Inc is $1.70 
This summary was machine generated from LSEG data March 7 at
12:05 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
 Dec. 31 2023      -0.08          -0.09          Missed
 Sep. 30 2023      -0.03          -0.11          Missed
 Jun. 30 2023      0.03           -0.12          Missed
 Mar. 31 2023      -0.02          -0.08          Missed