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

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).

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.

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