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

Finance of America Companies

06/08/2024 23:26

* Finance of America Companies Inc  FOA.N  reported a
quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $-1.20.  The mean expectation of two analysts
for the quarter was for a loss of 16 cents per share. Wall
Street expected results to range from -23 cents to -10 cents per
share.
    * Revenue rose 170.6% to $79.04 million from a year ago;
analysts
expected $68.75 million. 
    * Finance of America Companies Inc's reported EPS for the
quarter
was a loss of 20 cents​.
    * The company reported a quarterly loss of $2.09 million.
    * Finance of America Companies Inc shares had risen by 42.8%
this
quarter and lost 36.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $17.50 
This summary was machine generated from LSEG data August 6 at
10:26 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      -0.16          -0.05          Beat
 Mar. 31 2024      -0.60          -0.30          Beat
 Dec. 31 2023      -0.85          -0.90          Missed
 Sep. 30 2023      -0.30          -1.10          Missed