Altisource Portfolio Solutions is forecasting a robust 2024 with projected service revenue between $155 million and $180 million and Adjusted EBITDA expected to range from $17.5 million to $22.5 million. This growth is expected to be fueled by the conversion of sales wins and pipeline to revenue, price increases for certain services, revenue growth, improved margins in business segments, and reduced corporate costs.
In the final quarter of the previous year, Altisource Portfolio Solutions reported a loss of $13.2 million, with adjusted losses of 37 cents per share. The company’s revenue for the period was $34.2 million, with adjusted revenue at $32.2 million. Over the course of the year, the company’s loss expanded to $56.3 million, or $2.51 per share, with total revenue reported as $136.6 million.
Exciting times lie ahead for Altisource Portfolio Solutions as they continue to drive growth and profitability in the year 2024.
Altisource Portfolio Solutions (ASPS) Stock Price Drops 2.01% on March 7, Pre-Market Trading Shows Slight Uptick
On March 7, 2024, Altisource Portfolio Solutions (ASPS) saw a decrease in its stock price, closing at $2.93, which was a $0.06 drop from the previous market close. This represented a 2.01% decrease in the stock price. However, there was a slight uptick in pre-market trading, with the stock rising $0.02.
ASPS is currently trading near the bottom of its 52-week range and below its 200-day simple moving average. This indicates that the stock has been experiencing some downward momentum in recent months.
The drop in ASPS stock price on March 7 may have been influenced by a variety of factors, including overall market conditions, company-specific news, or changes in the industry.
While the slight increase in pre-market trading may offer some hope for investors, it is important to approach the situation with caution. The stock’s performance on March 7 highlights the volatility and uncertainty that can be present in the stock market.
Investors should continue to closely monitor ASPS and stay informed about any developments that may impact the company’s stock price. By staying informed and conducting thorough research, investors can make more informed decisions about their investments in ASPS and other stocks.
ASPS Stock Performance Analysis: Revenue Decline Stabilizes, Net Income Improves
On March 7, 2024, the stock performance of American Society of Plastic Surgeons (ASPS) was closely watched by investors and analysts. The company’s total revenue for the past year was reported at $161.16 million, with a significant decrease of 12.89% compared to the previous year. However, the total revenue remained flat since the last quarter, indicating a possible stabilization in the company’s financial performance.
ASPS also reported a net income of -$53.42 million for the past year, showing a substantial decrease of 552.24% from the previous year. Despite this significant decline, the net income increased by 39.83% since the last quarter, suggesting some improvements in the company’s bottom line.
Earnings per share (EPS) for ASPS were reported at -$3.32 for the past year, reflecting a decrease of 552.01% compared to the previous year. However, the EPS increased by 43.47% since the last quarter, indicating a potential turnaround in the company’s profitability.
Overall, the stock performance of ASPS on March 7, 2024, was mixed, with some positive signs of improvement in the company’s financial metrics. Investors and analysts will continue to monitor ASPS closely to see if these positive trends continue and if the company can sustain its recent improvements in revenue, net income, and earnings per share.
