New York Mortgage Trust Inc expected to post earnings of 3 cents a share - Earnings Preview

Adamas Trust

30/07/2024 03:58

* New York Mortgage Trust Inc  NYMT.OQ   NYMT.O  is expected
to show a rise in quarterly revenue when it reports  results on
July 31 for the period ending June 30 2024
    * The New York City-based  company is expected to report a
55.1% increase in revenue to $23.479 million from $15.14 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (Revennue consensus is on Net Interest
Income.)
    * ​LSEG's mean analyst estimate for New York Mortgage Trust
Inc is
for earnings of 3 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New York
Mortgage
Trust Inc is $7.00​, above​ its last closing price of $6.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.12        0.12       -0.59     Missed  -584.9
 Dec. 31 2024  0.01        0.02       0.35      Beat    1,999.
                                                        6
 Sep. 30 2023  -0.02       0.10       -1.04     Missed  -1,157
                                                        .7​
 Jun. 30 2023  0.06        0.02       -0.41     Missed  -490
 ​​Mar.        -0.04       0.02       0.11      Beat    566.7
 31 2023                                                
 Dec. 31 2022  0.03        -0.01      -0.52     Missed  -5,479
                                                        .4​
 Sep. 30 2022  -0.40       -0.16      -1.32     Missed  -748.8
 Jun. 30 2022  -0.56       0.02       -0.88     Missed  -3,980
                                                        .1
 This summary was machine generated July 30 at 02:58 GMT.  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)