Fathom (NASDAQ:FTHM) Posts Earnings Results, Misses Expectations By $0.57 EPS

Fathom (NASDAQ:FTHM) released its earnings results on Friday. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.57), FiscalAI reports. The business had revenue of $88.63 million for the quarter, compared to the consensus estimate of $128.19 million. Fathom had a negative return on equity of 75.89% and a negative net margin of 6.27%.

Fathom Price Performance

Shares of NASDAQ:FTHM traded down $0.05 during trading on Friday, hitting $0.09. 4,090,800 shares of the company were exchanged, compared to its average volume of 310,243. The business’s 50 day moving average is $0.32 and its 200-day moving average is $0.70. The company has a market capitalization of $3.24 million, a P/E ratio of -0.12 and a beta of 2.41. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.12. Fathom has a 1-year low of $0.08 and a 1-year high of $1.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fathom presently has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Fathom Company Profile

Fathom Holdings Inc. is a technology-driven real estate services company. Through its businesses, it provides residential real estate brokerage, mortgage, title and related services, supported by a cloud-based platform for real estate professionals. The company’s brands include Fathom Realty, Encompass Lending Group, Verus Title and intelliAgent. Together, these businesses support home buyers, sellers and real estate agents with services spanning brokerage and parts of the home-purchase process.