Finance of America FOA is preparing to release its quarterly earnings on Wednesday, 2024-11-06. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Finance of America to report an earnings per share (EPS) of $0.09.
Finance of America bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
During the last quarter, the company reported an EPS beat by $0.15, leading to a 0.97% drop in the share price on the subsequent day.
Here's a look at Finance of America's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.20 | -0.6 | -0.8 | -0.3 |
| EPS Actual | -0.05 | -0.3 | -0.9 | -1.1 |
| Price Change % | -1.0% | 0.0% | -2.0% | -28.000000000000004% |
Stock Performance
Shares of Finance of America were trading at $12.85 as of November 04. Over the last 52-week period, shares are up 86.31%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Finance of America 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.
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