LM Funding America Inc reports results for the quarter ended in June - Earnings Summary

Powercompute

14/08/2024 24:14

* LM Funding America Inc  LMFA.OQ  reported a quarterly
adjusted
loss of $2.44​​ per share for the quarter ended in June.  The
lone analyst forecast for the quarter was for a loss of 85 cents
per share. 
    * Revenue fell 5.8% to $3.01 million from a year ago;
analysts
expected $3.20 million. 
    * LM Funding America Inc's reported EPS for the quarter was
a loss
of $2.44​.
    * The company reported a quarterly loss of $6.07 million.
    * LM Funding America Inc shares had fallen by 20.7% this
quarter and lost 13.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is  "hold."

Wall Street's median 12-month price target for LM Funding
America Inc is $6.00 
This summary was machine generated from LSEG data August 13 at
11:14 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
 Jan. 1 0001       -0.85          -2.44          Missed
 Mar. 31 2024      -0.57          0.61           Beat
 Dec. 31 2023      -1.20          -0.67          Beat