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Fathom Holdings Inc (FTHM)
:FTHM
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.28Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2020
|% Change Since: -41.60%
|Next Earnings Date:Aug 18, 2020
Earnings Call Sentiment|Neutral
The earnings call presented both positive developments, such as strategic acquisitions and growth in key segments, and negative trends, including revenue decline and financial losses. While the company is optimistic about future growth and strategic initiatives, current financial challenges and market conditions pose significant hurdles.Company Guidance
During Fathom Holdings' Third Quarter 2024 earnings call, CEO Marco Fregenal provided guidance on the company's strategic direction and financial outlook. The company recently acquired My Home Group, which adds approximately 2,200 agents and is expected to contribute around $100 million in annual revenues in 2025. Despite challenges such as fluctuating mortgage rates and economic pressures, Fathom aims to grow its agent base by 25% annually. For Q3 2024, Fathom reported total revenues of $83.7 million, a decline from $93.5 million in Q3 2023. The adjusted EBITDA loss was $1.4 million, compared to a loss of $250,000 in the same period last year. The company completed 9,331 transactions, a 9.5% decrease year-over-year, and the real estate agent network grew by 9.3%. Fathom's mortgage and title divisions saw revenue increases of 52% and 71% respectively. Looking ahead, Fathom plans to grow through strategic acquisitions and enhance its service offerings to drive revenue and EBITDA growth in 2025.My Home Group Acquisition
Acquisition of My Home Group, adding 2,200 agents and expected to contribute approximately $100 million in annual revenues in 2025.
Agent Network Growth
Fathom real estate agent network grew by 9.3% to approximately 12,383 agent licenses as of September 30, 2024, with the total base now over 14,500 post-acquisition.
Mortgage Division Growth
Mortgage division revenues rose by 52% year-over-year from $1.9 million to $2.9 million.
Verus Title Revenue Increase
Verus Title generated $1.5 million in revenue, a 71% increase from $834,000 in Q3 of last year.
New Revenue Share Commission Plans
Launch of Fathom Max and Fathom Share plans to boost agent recruitment and retention.
Strong Cash Position
Ended Q3 with $13.4 million in cash, with additional $7 million expected over 24 months from a previous sale.
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FTHM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTHM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $2.38 | $2.09 | -12.18% |
| Aug 12, 2024 | $2.46 | $2.40 | -2.44% |
| May 09, 2024 | $1.46 | $1.42 | -2.74% |
| Mar 14, 2024 | $2.46 | $2.16 | -12.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fathom Holdings Inc (FTHM) report earnings?
Fathom Holdings Inc (FTHM) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Fathom Holdings Inc (FTHM) earnings time?
Fathom Holdings Inc (FTHM) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTHM EPS forecast?
FTHM EPS forecast for the fiscal quarter 2024 (Q4) is -0.15.
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