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Fathom Holdings Reports Q1 Loss, Lags Revenue Estimates

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Fathom Holdings (NASDAQ: FTHM) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -29.17%. A quarter ago, it was expected that this company would post a loss of $0.32 per share when it actually produced a loss of $0.50, delivering a surprise of -56.25%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Fathom Holdings, which belongs to the Zacks Technology Services industry, posted revenues of $70.5 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 15.97%. This compares to year-ago revenues of $77.54 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Fathom …

Full story available on Benzinga.com

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