Abacus Life, Inc. (ABL) Surpasses Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Abacus Life, Inc. reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of$ 0.14 per share, and showing a significant increase from $0.01 per share a year ago, representing an earnings surprise of 42.86% [1] - The company posted revenues of$ 28.15 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.93%, compared to $21.12 million in the same quarter last year [2] Group 2: Market Performance - Abacus Life, Inc. shares have declined approximately 10% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's current Zacks Rank is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Group 3: Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.15 on revenues of $30.31 million, and for the current fiscal year, it is$ 0.57 on revenues of $104.13 million [7] - The outlook for the Insurance - Life Insurance industry is positive, currently ranking in the top 20% of over 250 Zacks industries, suggesting that companies in this sector are likely to outperform those in the bottom 50% [8]