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Altisource Portfolio Solutions SA (ASPS)
NASDAQ:ASPS
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.27Last Year’s EPS
-0.37Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -12.00%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance in 2024, with significant revenue and EBITDA growth, successful debt restructuring, and positive outlook for 2025. However, challenges remain in the default and origination markets, with declines in foreclosure activity and mortgage origination volumes.Company Guidance
In the Altisource Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, highlighting anticipated growth in service revenue and adjusted EBITDA. For 2025, Altisource projects service revenue between $165 million to $185 million, representing a 16% growth at the midpoint, and adjusted EBITDA between $18 million to $23 million, indicating an 18% increase over 2024. The forecast assumes flat delinquency rates and a 13% rise in origination volume. The company expects revenue growth to be driven by the ramping of sales wins, price increases for certain services, and the expansion of newer solutions in the Lenders One segment. Additionally, Altisource aims to achieve positive operating cash flow for the first time since 2019, supported by improved margins and a more efficient corporate cost structure. The guidance reflects optimism about leveraging recent sales wins and market conditions to enhance financial performance in the upcoming year.Strong Financial Performance in 2024
Full-year service revenue grew by 10% to $150 million, and adjusted EBITDA improved by $18.3 million compared to 2023. Fourth quarter service revenue of $38.4 million marked the highest level since Q3 2021, with a 19% increase compared to the same period in 2023.
Successful Debt Restructuring
Completed an exchange and maturity extension transaction, reducing debt by over $60 million from $233 million to $172.5 million, and cutting annual cash interest costs by approximately $18 million.
Growth in Countercyclical Servicer and Real Estate Segment
Service revenue grew 11% to $120 million, with adjusted EBITDA of $42.1 million, a 14% increase over 2023, despite market-wide declines in foreclosure starts and sales.
Expansion of Origination Segment
Service revenue increased by 6% to $30.4 million, with adjusted EBITDA improving by $5.4 million to $2.5 million, driven by customer wins and market share gains.
Positive 2025 Outlook
Forecasting 16% annual service revenue growth and 18% adjusted EBITDA growth for 2025, with expectations of positive operating cash flow for the first time since 2019.
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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 |
|---|---|---|---|
| Mar 13, 2025 | $0.75 | $0.89 | +18.67% |
| 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% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Altisource Portfolio Solutions SA (ASPS) earnings time?
Altisource Portfolio Solutions SA (ASPS) earnings time is at Apr 24, 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 2025 (Q1) is -0.27.
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