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Altisource Portfolio (ASPS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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Altisource Portfolio Solutions (ASPS - Free Report) reported $34.11 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 6%. EPS of -$0.44 for the same period compares to -$0.70 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $38.33 million, representing a surprise of -10.99%. The company delivered an EPS surprise of -29.41%, with the consensus EPS estimate being -$0.34.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Altisource Portfolio performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Service revenue: $34.11 million compared to the $38.58 million average estimate based on two analysts.
  • Revenue- Non-controlling interests: $0.06 million versus $0.31 million estimated by two analysts on average.
  • Revenue- Reimbursable expenses: $2.04 million compared to the $1.54 million average estimate based on two analysts.
View all Key Company Metrics for Altisource Portfolio here>>>

Shares of Altisource Portfolio have returned +8.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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