Recap: Finance of America Q4 Earnings
Portfolio Pulse from Benzinga Insights
Finance of America (NYSE:FOA) reported Q4 earnings with an EPS of $-0.09, missing estimates by -12.0%. Revenue increased to $182.15 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a significant drop in share price.
March 06, 2024 | 9:40 pm
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Finance of America reported a Q4 EPS of $-0.09, missing estimates by -12.0%, with revenue up $182.15M from last year. Historical performance shows missed EPS estimates leading to share price drops.
Finance of America's Q4 earnings miss and historical pattern of missing EPS estimates and subsequent share price drops suggest a negative short-term impact on the stock. The consistent underperformance in earnings could lead to decreased investor confidence and potential sell-off, further impacting the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100