Abacus Life (ABL) Expected to Announce Earnings on Thursday

Abacus Life (NASDAQ:ABL - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $39.51 million for the quarter.

Abacus Life (NASDAQ:ABL - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Abacus Life had a negative net margin of 11.65% and a positive return on equity of 12.88%. The firm had revenue of $33.21 million during the quarter, compared to analyst estimates of $28.76 million. On average, analysts expect Abacus Life to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Abacus Life Stock Up 0.2 %

NASDAQ ABL traded up $0.02 on Friday, hitting $8.27. The stock had a trading volume of 350,483 shares, compared to its average volume of 183,767. The business's fifty day moving average price is $7.66 and its 200 day moving average price is $7.88. The stock has a market cap of $800.97 million, a price-to-earnings ratio of -45.94 and a beta of 0.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.29. Abacus Life has a 52-week low of $6.34 and a 52-week high of $12.40.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ABL. Maxim Group initiated coverage on Abacus Life in a research report on Tuesday, April 29th. They set a "buy" rating and a $14.00 target price on the stock. B. Riley decreased their price objective on shares of Abacus Life from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler cut their price target on shares of Abacus Life from $13.00 to $11.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Abacus Life presently has an average rating of "Buy" and an average target price of $14.00.

Abacus Life Company Profile

Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.