J.G. Wentworth (JGW) Posts Q3 Loss of $1.79/Share

J.G. Wentworth (NYSE: JGW) reported Q3 EPS of ($1.79), which may not compare with the analyst estimate of $0.33. Revenue for the quarter came in at $63.5 million versus the consensus estimate of $56.59 million.

Consolidated ANI decreased to $5.2 Million from $7.2 Million, a decrease of $2.0 Million in the third quarter when compared to the third quarter 2014. In our Structured Settlements segment the decrease was due to the $8.7 Million decline in unrealized revenue on unsecuritized finance receivables which resulted from a reduction in spread margin and a decrease in TRB Purchases. This was partially offset by a $4.9 Million decrease in Adjusted Total Expenses*. In addition, our Home Lending segment contributed $2.0 Million in ANI.

For earnings history and earnings-related data on J.G. Wentworth (JGW) click here.

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