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

Powercompute

16/05/2024 15:47

* LM Funding America Inc  LMFA.OQ  reported quarterly
adjusted
earnings of 61 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $-2.46.  The lone analyst forecast for the
quarter was for a loss of 57 cents per share. 
    * Revenue rose 105.3% to $4.75 million from a year ago;
analysts
expected $4.70 million. 
    * LM Funding America Inc's reported EPS for the quarter was
61
cents​.
    * The company reported quarterly net income of $1.49
million.
    * LM Funding America Inc shares had fallen by 35.5% this
quarter and lost 36.2% so far this year.

FORECAST CHANGES
    * 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 May 16 at
02:47 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
 Mar. 31 2024      -0.57          0.61           Beat
 Dec. 31 2023      -1.20          -0.67          Beat