Altisource - Stay Patient - Cycle Turn Not Imminent [Seeking Alpha]
Altisource Portfolio Solutions S.A. (ASPS)
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am
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US:NASDAQ Investor Relations:
ir.altisource.com/investor-relations
Company Research
Source: Seeking Alpha
Summary Altisource saw revenues drop -18% yoy in the first 9 months of 2019 and we expect top-line to remain challenged in the medium term. Current foreclosure trends will make it difficult to grow revenues from new clients aggressively while New Residential is likely to remain focused on shifting more subservicing internally over time. The competitive landscape has changed with several servicers expanding into segments where Altisource is active (Mr. Cooper, New Residential). Valuation is not expensive with an EV/EBITDA 2020 of 8.5x on our numbers but many uncertainties remain. The real upside will only come once the foreclosure cycle turns. With this turn not imminent, there is sufficient time to assess the company's transformation before becoming much more bullish. Altisource’s top-line continu es decline Altisource (ASPS US) reported total revenues of US$508M in the first 9 months of 2019, a drop of -18% yoy. Revenues in Q3 were down -31% to US$141M. The majority of the revenue de
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ASPS
News
- Altisource Portfolio Solutions (ASPS) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Altisource Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Altisource Announces First Quarter 2024 Financial ResultsGlobeNewswire
- Altisource Portfolio Solutions S.A. Schedules First Quarter 2024 Conference CallGlobeNewswire
- Industrial Logistics Properties, Braemar Hotels & Resorts among real estate movers [Seeking Alpha]Seeking Alpha
ASPS
Earnings
- 4/25/24 - Beat
ASPS
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/17/24 - Form DEF
- ASPS's page on the SEC website