Finance of America Companies Full Year 2024 Earnings: Misses Expectations

Finance of America Companies (NYSE:FOA) Full Year 2024 Results

Key Financial Results

• Revenue: US$338.2m (up 44% from FY 2023).
• Net income: US$20.2m (up from US$28.2m loss in FY 2023).
• Profit margin: 6.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$2.05 (up from US$3.44 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Finance of America Companies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Finance of America Companies, and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.