Altisource Portfolio Solutions SA reports results for the quarter ended in June - Earnings Summary

Altisource Portfolio Solutions SA

25/07/2024 14:32

* Altisource Portfolio Solutions SA  ASPS.OQ  reported a
quarterly
adjusted loss of 29 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -90 cents.  The mean expectation of two analysts
for the quarter was for a loss of 24 cents per share. Wall
Street expected results to range from -27 cents to -22 cents per
share.
    * Revenue rose 11% to $39.12 million from a year ago;
analysts
expected $39.37 million. 
    * Altisource Portfolio Solutions SA's reported EPS for the
quarter
was a loss of 29 cents​.
    * The company reported a quarterly loss of $8.31 million.
    * Altisource Portfolio Solutions SA shares had fallen
by 9.2% this
quarter and lost 64.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is  "hold."

Wall Street's median 12-month price target for Altisource
Portfolio Solutions SA is $18.00 
This summary was machine generated from LSEG data July 25 at
01:31 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
 Jun. 30 2024      -0.24          -0.29          Missed
 Mar. 31 2024      -0.39          -0.33          Beat
 Dec. 31 2023                     -0.47          
 Sep. 30 2023      -0.51          -0.51          Met