Altisource Portfolio Solutions (NASDAQ:ASPS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$40.5m (up 12% from 3Q 2023).

• Net loss: US$9.36m (loss narrowed by 18% from 3Q 2023).

• US$0.33 loss per share (improved from US$0.51 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Altisource Portfolio Solutions Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Real Estate industry in the US.

Performance of the American Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Altisource Portfolio Solutions (of which 2 make us uncomfortable!) you should know about.

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