Abacus Global Management Inc ABL.OQ reported quarterly adjusted earnings of 16 cents per share for the quarter ended December 31. The mean expectation of four analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 12 cents to 15 cents per share.
Revenue was $33.21 million; analysts expected $29.76 million.
Abacus Global Management Inc's reported EPS for the quarter was a loss of 22 cents.
The company reported a quarterly loss of $18.26 million.
Abacus Global Management Inc shares had fallen by 7.9% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 11.2% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"
Wall Street's median 12-month price target for Abacus Global Management Inc is $13.75
This summary was machine generated from LSEG data March 27 at 09:48 p.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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Dec. 31 2024 | 0.14 | 0.16 | Beat |
Sep. 30 2024 | 0.14 | 0.20 | Beat |
Jun. 30 2024 | 0.13 | 0.18 | Beat |
0.11 |