Finance of America Companies Inc reports results for the quarter ended in September 30 - Earnings Summary

Finance of America Companies

07/11/2024 04:45

* Finance of America Companies Inc  FOA.N  reported
quarterly
adjusted earnings of 67 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of $-1.10.  The mean expectation of
two analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 6 cents to 13
cents per share.
    * Revenue rose 511.8% to $290.07 million from a year ago;
analysts
expected $73.82 million. 
    * Finance of America Companies Inc's reported EPS for the
quarter
was $8.48​.
    * The company reported quarterly net income of $84.2
million.
    * Finance of America Companies Inc shares had risen by 19.5%
this
quarter and gained 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.6%
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 13.50 
This summary was machine generated from LSEG data November 7 at
04:45 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
 Sep. 30 2024      0.10           0.67           Beat
 Jun. 30 2024      -0.16          -0.05          Beat
 Mar. 31 2024      -0.60          -0.30          Beat
 Dec. 31 2023      -0.85          -0.90          Missed