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Abacus Life (ABL)
NASDAQ:ABL
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.15Last Year’s EPS
-$0.1Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -12.37%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment, highlighted by strong revenue and profit growth, successful strategic initiatives, significant acquisitions, and innovative product launches. Despite a GAAP net loss and increased expenses, the company's overall performance and future outlook remain promising.Company Guidance
During the third quarter 2024 earnings call for Abacus Life (ABL), the company reported a 33% year-over-year increase in total revenue, reaching $28.1 million. Adjusted EBITDA grew by 54% to $16.7 million, while adjusted net income rose by 65% to $14.9 million or $0.20 per diluted share. The company deployed $93.2 million in capital and purchased 278 policies, marking a 53% increase from the previous year. As of September 30, 2024, Abacus Life held 532 policies valued at $274.4 million on its balance sheet. The company also highlighted significant progress in its ABL Tech program, with 21 clients and 50 potential clients in the pipeline, and announced two key acquisitions expected to add approximately $2.6 billion in assets under management. Additionally, Abacus Life maintained a strong liquidity position with cash and cash equivalents of $19.4 million and an annualized adjusted return on equity of 23%.Strong Revenue and Profit Growth
Total revenue grew by 33% year-over-year to $28.1 million, adjusted EBITDA increased by 54% to $16.7 million, and adjusted net income rose by 65% to $14.9 million.
Successful ABL Tech Program Initiatives
ABL Tech signed significant pension clients and won 4 out of 5 RFPs, with expectations to track over 1 million lives by Q1 2025.
Acquisitions and Asset Growth
Announced acquisitions of Carlisle Management Company SCA and FCF Advisors, adding approximately $2.6 billion in assets under management.
Innovative Product Launches
Launch of PREADISAN, a health prediction and actuary technology tool, in partnership with Lorisco, indicating advancements in personalized longevity-based financial planning.
Strong Capital Deployment
Deployed $93.2 million in capital and purchased 278 policies, a 53% increase from the prior year.
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ABL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ABL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $8.81 | $9.02 | +2.38% |
| Aug 12, 2024 | $10.59 | $10.36 | -2.17% |
| May 13, 2024 | $11.98 | $11.96 | -0.17% |
| Mar 21, 2024 | $12.18 | $12.14 | -0.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Abacus Life (ABL) report earnings?
Abacus Life (ABL) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Abacus Life (ABL) earnings time?
Abacus Life (ABL) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABL EPS forecast?
ABL EPS forecast for the fiscal quarter 2024 (Q4) is $0.15.
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