Finance of America Q3 Adj EPS $(0.11) Misses $(0.03) Estimate, Sales $(70.44M) Miss $117.50M Estimate
Portfolio Pulse from mahesh@benzinga.com
Finance of America (NYSE:FOA) reported Q3 losses of $(0.11) per share, missing the analyst consensus estimate of $(0.03) by 266.67 percent. This is a 10 percent decrease over losses from the same period last year. The company also reported quarterly sales of $(70.44 million), missing the analyst consensus estimate of $117.50 million by 159.95 percent, a 199.07 percent decrease from the same period last year.
November 07, 2023 | 9:57 pm
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NEGATIVE IMPACT
Finance of America's Q3 earnings and sales missed estimates, with a decrease from last year's figures. This could negatively impact the company's stock in the short term.
Finance of America's Q3 earnings and sales missed analyst estimates by a significant margin, and also decreased from the same period last year. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100