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

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

Fathom Stock Performance

Shares of NASDAQ:FTHM traded down $0.02 during mid-day trading on Friday, reaching $0.12. 203,413 shares of the company traded hands, compared to its average volume of 947,450. The company’s 50 day moving average price is $0.33 and its 200-day moving average price is $0.71. The firm has a market cap of $4.28 million, a PE ratio of -0.16 and a beta of 2.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.77 and a quick ratio of 0.77. Fathom has a 52 week low of $0.13 and a 52 week high of $1.52.

Wall Street Analyst Weigh In

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

About Fathom

Fathom Holdings Inc. is a technology-driven real estate services company that operates primarily through its Fathom Realty brokerage. The company provides residential real estate brokerage services through a network of independent agents who assist clients with buying, selling and leasing properties. Fathom Realty supports its agents with a cloud-based platform that includes transaction management, marketing, lead generation, training and other business tools. The company has also expanded its offerings into related real estate services, including title and settlement services, insurance and technology solutions designed to support real estate professionals and consumers.