Abacus Life Q3 2023 Adj EPS $0.14 Down From $0.20 YoY, Sales $21.12M Up From $17.54M YoY
Portfolio Pulse from saritha@benzinga.com
Abacus Life (NASDAQ:ABL) reported a decrease in adjusted EPS to $0.14 in Q3 2023, down from $0.20 YoY. However, sales increased to $21.12M, up from $17.54M YoY, marking a 20.42% rise.

November 13, 2023 | 1:05 pm
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NEUTRAL IMPACT
Abacus Life reported a 30% decrease in adjusted EPS to $0.14 but a 20.42% increase in sales to $21.12M in Q3 2023 compared to the previous year.
The decrease in EPS could negatively impact investor sentiment as it suggests a drop in profitability. However, the significant increase in sales indicates business growth, which could offset the negative impact on the stock price. The mixed results lead to a neutral score, as the market may react differently to the contrasting aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100