Altisource Portfolio (ASPS) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Altisource Portfolio Solutions (ASPS) reported a revenue of $32.21 million for the quarter ended December 2023, reflecting a year-over-year decline of 1.8% [1] - The earnings per share (EPS) for the quarter was -$0.37, an improvement from -$0.45 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $34.36 million, resulting in a surprise of -6.25% [1] - The company experienced an EPS surprise of -12.12%, with the consensus EPS estimate being -$0.33 [1] Revenue Breakdown - Service revenue was reported at $32.21 million, compared to the average estimate of $34.35 million, indicating a year-over-year change of -1.8% [2] - Revenue from non-controlling interests was $0.07 million, significantly lower than the estimated $0.33 million, representing a decline of 37.6% year-over-year [2] - Reimbursable expenses revenue was $1.88 million, slightly above the average estimate of $1.66 million, showing a minimal year-over-year change of -0.3% [2] Stock Performance - Over the past month, shares of Altisource Portfolio have returned +10.2%, outperforming the Zacks S&P 500 composite's +3.2% change [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]