Fathom Holdings Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St

August 14, 2024

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).

earnings-and-revenue-growth — NasdaqCM:FTHM Earnings and Revenue Growth August 14th 2024

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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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.