New York Mortgage Trust Inc reports results for the quarter ended in December - Earnings Summary
23/02/2024 03:09
* New York Mortgage Trust Inc NYMT.OQ reported quarterly
adjusted earnings of 35 cents per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -52 cents. The mean expectation of
seven analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -7 cents to 12
cents per share.
* Revenue fell 24.7% to $16.80 million from a year ago;
analysts
expected $21.07 million.
* New York Mortgage Trust Inc's reported EPS for the quarter
was
35 cents.
* The company reported quarterly net income of $31.47
million.
* New York Mortgage Trust Inc shares had fallen by 13.4%
this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 54.5%
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," 5
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialized
reits
peer group is also "hold"
Wall Street's median 12-month price target for New York Mortgage
Trust Inc is $9.75
This summary was machine generated from LSEG data February 23 at
03:09 a.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
Dec. 31 2023 0.02 0.35 Beat
Sep. 30 2023 0.10 -1.04 Missed
Jun. 30 2023 0.11 -0.41 Missed
Mar. 31 2023 0.02 0.11 Beat