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

Finance of America Companies Inc (FOA.N) reported a quarterly adjusted loss of 9 cents per share for the quarter ended in December, higher than the same quarter last year, when the company reported EPS of -30 cents. The mean expectation of two analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -8 cents per share. Revenue rose 194.6% to $275.73 million from a year ago; analysts expected $63.22 million. Finance of America Companies Inc’s reported EPS for the quarter was 69 cents. The company reported quarterly net income of $61.36 million. Finance of America Companies Inc shares had fallen by 24.7% this quarter. 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 $1.70 This summary was machine generated from LSEG data March 7 at 12:05 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 Dec. 31 2023 -0.08 -0.09 Missed Sep. 30 2023 -0.03 -0.11 Missed Jun. 30 2023 0.03 -0.12 Missed Mar. 31 2023 -0.02 -0.08 Missed