Abacus Global Management (ABL) stock is surging 18.75% in pre-market trading on Friday, following the company's impressive third-quarter results and an upward revision of its 2025 outlook. The asset management firm not only beat analyst expectations but also announced a share repurchase program, further boosting investor confidence.

Abacus Global reported a stellar 124% year-over-year increase in Q3 revenue, reaching $63 million and significantly surpassing the consensus estimate of $49.30 million from five analysts. The company's adjusted EBITDA also outperformed expectations, growing 127% year-over-year to $37.90 million, compared to the $28.90 million forecast by three analysts. This robust performance was driven by growth in the Life Solutions and Longevity Funds segments, as well as expanded asset management fees from recent acquisitions.

In light of these strong results, Abacus Global has raised its 2025 adjusted net income outlook to between $80 million and $84 million, representing an expected growth of 72% to 81%. The company's optimistic forecast, coupled with the completion of the AccuQuote acquisition and a $50 million securitized note issuance, signals a positive trajectory for future growth. Additionally, the board's authorization of a $10 million share repurchase program, effective November 6, further demonstrates the company's confidence in its financial position and commitment to delivering shareholder value.

Analyst sentiment remains bullish on Abacus Global, with a consensus "buy" rating and a median 12-month price target of $14.00, representing a potential 62.1% upside from its previous closing price. As the company continues to execute its growth strategy and expand its financial services platform, investors appear eager to capitalize on its momentum, as reflected in today's significant pre-market stock movement.