Altisource Portfolio ASPS is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Altisource Portfolio to report an earnings per share (EPS) of $-0.24.
Anticipation surrounds Altisource Portfolio's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Overview of Past Earnings
Last quarter the company beat EPS by $0.03, which was followed by a 3.62% increase in the share price the next day.
Here's a look at Altisource Portfolio's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.24 | -0.39 | -0.42 | -0.51 |
| EPS Actual | -0.21 | -0.20 | -0.37 | -0.44 |
| Price Change % | 4.0% | 5.0% | -2.0% | -9.0% |
Market Performance of Altisource Portfolio's Stock
Shares of Altisource Portfolio were trading at $1.13 as of October 22. Over the last 52-week period, shares are down 66.17%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Altisource Portfolio visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
