Finance of America Companies Inc reports results for the quarter ended in September 30 - Earnings Summary

• Finance of America Companies Inc FOA.N reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.10. The mean expectation of two analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 6 cents to 13 cents per share.

• Revenue rose 511.8% to $290.07 million from a year ago; analysts expected $73.82 million.

• Finance of America Companies Inc's reported EPS for the quarter was $8.48​.

• The company reported quarterly net income of $84.2 million.

• Finance of America Companies Inc shares had risen by 19.5% this quarter and gained 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "buy"

Wall Street's median 12-month price target for Finance of America Companies Inc is 13.50

This summary was machine generated from LSEG data November 7 at 04:45 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)