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Altisource Portfolio Solutions SA (ASPS)
NASDAQ:ASPS
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.24Last Year’s EPS
-$0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -60.50%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant service revenue growth and positive developments in the Renovation business and sales pipeline. However, lower foreclosure activity and increased SG&A costs posed challenges, balancing the overall sentiment.Company Guidance
During the ASPS Q3 2024 earnings call, guidance highlighted anticipated strong service revenue and adjusted EBITDA growth over 2023, despite challenges from lower-than-expected foreclosure starts and sales. Service revenue for Q3 2024 increased by 11.8% year-over-year to $38.2 million, driven by sales wins, while adjusted EBITDA improved by $2.8 million from Q3 2023, reaching $3.6 million. However, legacy indemnity claims and bad debt expenses contributed to a rise in SG&A costs by approximately $1.2 million. The renovation business, launched in late April, received over 70 referrals, with each renovation averaging $100,000, contributing significantly to revenue. Despite these advancements, ASPS expects to achieve only the low end of its guidance due to lower foreclosure activity and delayed business ramp-ups. The company ended the quarter with $28.3 million in cash and cash equivalents, reflecting solid liquidity.Service Revenue Growth
Service revenue increased by 11.8% year-over-year, reaching $38.2 million, marking the strongest quarterly service revenue performance in 12 quarters.
Adjusted EBITDA Improvement
Adjusted EBITDA improved by $2.8 million over the third quarter of 2023, with a year-to-date increase of $13.8 million compared to last year.
Renovation Business Expansion
The Renovation business received over 70 referrals, with an average renovation cost of $100,000 per property. Revenue for this business reached $1.5 million in Q3.
Sales Wins and Pipeline Growth
New business wins projected to generate $1.7 million in annual revenue once fully ramped, with a Servicer and Real Estate segment sales pipeline of $23.2 million.
Origination Segment Progress
Adjusted EBITDA in the Origination segment improved by $1.4 million year-over-year, with new business wins estimated at $4.9 million annually.
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Altisource Portfolio Solutions SA (ASPS) Earnings, Revenues Date & History
ASPS 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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ASPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $1.39 | $1.19 | -14.39% |
| Jul 25, 2024 | $1.28 | $1.38 | +7.81% |
| Apr 25, 2024 | $1.70 | $1.87 | +10.00% |
| Mar 07, 2024 | $2.93 | $2.88 | -1.71% |
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 Altisource Portfolio Solutions SA (ASPS) report earnings?
Altisource Portfolio Solutions SA (ASPS) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Altisource Portfolio Solutions SA (ASPS) earnings time?
Altisource Portfolio Solutions SA (ASPS) earnings time is at Mar 06, 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 ASPS EPS forecast?
ASPS EPS forecast for the fiscal quarter 2024 (Q4) is -$0.24.
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