NASDAQ$ASPS
Altisource Portfolio Sol · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Announced third quarter 2020 financial results.
Altisource reported a service revenue of $85.4 million, a loss before income taxes and non-controlling interests of $(11.1) million, an adjusted pretax loss attributable to Altisource of $(1.4) million, and an adjusted EBITDA of $6.4 million for the third quarter of 2020.
- Increased adjusted EBITDA by $8.5 million in the third quarter of 2020 compared to the second quarter of 2020.
- Implementing 2021 operating plan that targets $250 million to $270 million of service revenue and $35 million to $43 million of adjusted EBITDA.
- Increased the backlog of potential default related business which we anticipate will be available to us in late 2021 and into 2022.
- Service revenue from customers other than Ocwen, NRZ and RESI was relatively flat in the third quarter of 2020 compared to the third quarter of 2019 primarily due to COVID-19 foreclosure moratoriums and forbearance programs offset by strong originations demand.
Headline financials
Revenue & EPS history
Altisource · Revenue · Quarterly
$88.8M
Forward guidance
Company has developed an operating plan targeting 2021 adjusted EBITDA margins of 14% to 16% on $250 million to $270 million of forecasted revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.8%
Avg return
Earnings day
-4.9%
Avg return
5 days after
-4.0%
Avg return
30 days after
41%
27 / 66 earnings
Positive
+28.6%
Q1 2015
Best reaction
-34.1%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | +3.4% | -9.2% | |
| Q4 2025 | +1.3% | -8.0% | -4.1% | |
| Q3 2025 | -0.4% | -16.6% | -20.5% | |
| Q2 2025 | -7.6% | +3.6% | +7.7% | |
| Q1 2025 | -0.2% | -12.0% | -14.5% | |
| Q4 2024 | +18.7% | +22.7% | +1.3% | |
| Q3 2024 | -15.8% | -11.5% | -45.3% | |
| Q2 2024 | +11.7% | +2.3% | -6.2% | |
| Q1 2024 | +15.9% | +17.1% | +0.6% | |
| Q4 2023 | -4.1% | -9.6% | -41.3% | |
| Q3 2023 | -17.3% | -14.5% | -2.7% | |
| Q2 2023 | -17.7% | -17.2% | -32.7% | |
| Q1 2023 | +3.0% | +13.5% | +28.4% | |
| Q4 2022 | -0.4% | -6.9% | -19.0% | |
| Q3 2022 | +8.7% | +32.4% | +33.0% | |
| Q2 2022 | -3.5% | -0.3% | -1.1% | |
| Q1 2022 | +4.9% | +2.3% | +5.0% | |
| Q4 2021 | -8.5% | -12.3% | -1.4% | |
| Q3 2021 | -7.5% | -6.9% | -24.0% | |
| Q2 2021 | +10.7% | +8.9% | +25.1% | |
| Q1 2021 | -5.8% | -9.3% | +0.1% | |
| Q4 2020 | -0.4% | -1.4% | -1.8% | |
| Q3 2020 | -0.1% | +3.2% | +17.1% | |
| Q2 2020 | -34.1% | -36.1% | -24.0% | |
| Q1 2020 | -0.2% | -12.0% | +77.4% | |
| Q4 2019 | -32.9% | -45.6% | -55.5% | |
| Q3 2019 | -16.8% | -31.0% | -22.2% | |
| Q2 2019 | -3.5% | -2.0% | -11.2% | |
| Q1 2019 | -2.2% | +0.3% | -5.3% | |
| Q4 2018 | -0.3% | +1.6% | -4.3% | |
| Q3 2018 | +1.6% | -0.4% | -16.1% | |
| Q2 2018 | -5.8% | -4.9% | +5.9% | |
| Q1 2018 | +5.0% | +10.8% | +10.0% | |
| Q4 2017 | -3.4% | -2.4% | -7.1% | |
| Q3 2017 | +0.4% | +3.2% | +9.1% | |
| Q2 2017 | -2.4% | -1.3% | -1.3% | |
| Q1 2017 | -0.4% | -7.1% | -4.6% | |
| Q4 2016 | -24.8% | -22.9% | -7.9% | |
| Q3 2016 | -12.1% | -15.1% | -5.7% | |
| Q2 2016 | -13.3% | -15.9% | +9.9% | |
| Q1 2016 | +6.5% | — | — | |
| Q4 2015 | +10.0% | — | — | |
| Q3 2015 | -10.3% | — | — | |
| Q2 2015 | +21.9% | — | — | |
| Q1 2015 | +28.6% | — | — | |
| Q4 2014 | +5.3% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | -8.4% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | +9.0% | — | — | |
| Q2 2013 | +19.8% | — | — | |
| Q1 2013 | +9.7% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -7.2% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2009 | +10.5% | — | — | |
| Q4 2011 | +10.5% | — | — | |
| Q3 2011 | +8.1% | — | — | |
| Q3 2010 | +8.1% | — | — | |
| Q2 2011 | -4.8% | — | — | |
| Q4 2010 | -4.8% | — | — | |
| Q2 2010 | -4.8% | — | — | |
| Q1 2010 | -0.9% | — | — |
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