Adamas Trust Inc reports results for the quarter ended June 30 - Earnings Summary
Adamas Trust Inc reports results for the quarter ended June 30 - Earnings Summary
Adamas Trust Inc ADAM.OQ reported quarterly adjusted earnings of 47 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of six analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 5 cents to 28 cents per share.
Revenue rose 37.8% to $50.21 million from a year ago; analysts expected $44.84 million.
Adamas Trust Inc's reported EPS for the quarter was 47 cents.
The company reported quarterly net income of $43.42 million.
Adamas Trust Inc shares had fallen by 7.1% this quarter and gained 19.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 12.4% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Adamas Trust Inc is $9.50, about 8.3% above its last closing price of $8.71
This summary was machine generated from LSEG data July 29 at 10:19 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.20 | 0.47 | Beat |
Mar. 31 2026 | 0.22 | 0.40 | Beat |
Dec. 31 2025 | 0.23 | 0.45 | Beat |
Sep. 30 2025 | 0.27 | 0.24 | Missed |
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Adamas Trust Inc reports results for the quarter ended June 30 - Earnings Summary
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