Market skepticism grows ahead of Finance of America Q3 earnings release
FOA Finance of America Companies Inc
$11.65 -7.91%
View chart & analysis → - 1Finance of America shares fell sharply to $11.38, compared to a 2.1% decline in the S&P 500.
- 2The Street's Q3 revenue estimate of $111.1 million is expected to increase 37.4% year-over-year.
- 3The Street's Q3 EPS estimate of $1.04 is expected to decrease approximately 22% from $1.33 in the same period last year.
So what's the key point?
Finance of America's stock price has dropped significantly ahead of its earnings report. While revenue is expected to rise, the market is concerned because earnings per share are projected to fall to $1.04.
Source Earnings Whispers · View original ↗
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