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Finance of America Companies Full Year 2023 Earnings: US$0.34 loss per share (vs US$3.06 loss in FY 2022)

Finance of America Companies (NYSE:FOA) Full Year 2023 Results

Key Financial Results

  • Revenue: US$234.3m (down 59% from FY 2022).

  • Net loss: US$28.2m (loss narrowed by 85% from FY 2022).

  • US$0.34 loss per share (improved from US$3.06 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Finance of America Companies Earnings Insights

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Finance of America Companies you should be aware of, and 1 of them shouldn't be ignored.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.