Fathom Holdings Second Quarter 2024 Earnings: Beats Expectations

Fathom Holdings (NASDAQ:FTHM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$89.2m (down 11% from 2Q 2023).
• Net loss: US$1.29m (loss narrowed by 70% from 2Q 2023).
• US$0.065 loss per share (improved from US$0.27 loss in 2Q 2023).

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

Fathom Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in the US.

Performance of the American Real Estate industry.

The company's shares are up 18% from a week ago.

Risk Analysis

Be aware that Fathom Holdings is showing 5 warning signs in our investment analysis that you should know about...

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