Finance of America Companies Second Quarter 2024 Earnings: Beats Expectations

Finance of America Companies (NYSE:FOA) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$1.89m (loss narrowed by 99% from 2Q 2023).
• US$0.20 loss per share (improved from US$23.92 loss in 2Q 2023).

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

Finance of America Companies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Finance of America Companies (1 can't be ignored!) that we have uncovered.

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