Abacus Life Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 10, 2024

Abacus Life (NASDAQ:ABL) Third Quarter 2024 Results

Key Financial Results

Revenue: US$28.1m (up 33% from 3Q 2023).
Net loss: US$5.13m (down from US$903.4k profit in 3Q 2023).
US$0.069 loss per share (down from US$0.014 profit in 3Q 2023).

earnings-and-revenue-growth — NasdaqCM:ABL Earnings and Revenue Growth November 10th 2024

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

Abacus Life Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Abacus Life (1 is potentially serious!) that we have uncovered.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.