Altisource Residential (RESI) Misses Q4 EPS Views; Will Acquire NPL Portfolio

Altisource Residential (NYSE: RESI) reported Q4 EPS of ($1.18), $1.36 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $24.14 million versus the consensus estimate of $71.76 million.

Recent Developments

• Agreed to sell a portfolio of 1,266 NPLs within approximately 1% of balance sheet carrying value; UPB of the loans to be sold is $434.3 million, or approximately 24% of the year-end total UPB in Residential’s loan portfolio; the sale is expected to close in the first quarter of 2016.3

For earnings history and earnings-related data on Altisource Residential (RESI) click here.

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