Abacus Life, Inc. (ABL) Surpasses Q4 Earnings and Revenue Estimates

Core Insights - Abacus Life, Inc. reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of$0.13 per share, and showing an improvement from a loss of $0.10 per share a year ago, resulting in an earnings surprise of 23.08$33.21 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 15.67%, compared to $23.65 million in the same quarter last year [2] - Abacus Life, Inc. has outperformed consensus EPS estimates three times over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$0.14 on revenues of $35.85 million, and for the current fiscal year, it is$0.73 on revenues of $187.92 million [7] - The estimate revisions trend for Abacus Life, Inc. is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Insurance - Life Insurance industry, to which Abacus Life, Inc. belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]