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

Finance of America Companies

07/05/2024 10:58

* Finance of America Companies Inc  FOA.N  reported a
quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
two analysts for the quarter was for a loss of 6 cents per
share. 
    * Revenue fell 47% to $74.68 million from a year ago;
analysts
expected $61.97 million. 
    * Finance of America Companies Inc's reported EPS for the
quarter
was a loss of 6 cents​.
    * The company reported a quarterly loss of $7.54 million.
    * Finance of America Companies Inc shares had fallen
by 18.4% this
quarter and lost 45.5% so far this year.

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 $1.75 
This summary was machine generated from LSEG data May 7 at 09:57
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
 Mar. 31 2024      -0.06          -0.03          Beat
 Dec. 31 2023      -0.08          -0.09          Missed
 Sep. 30 2023      -0.03          -0.11          Missed
 Jun. 30 2023      0.03           -0.12          Missed