New York Mortgage Trust Inc reports results for the quarter ended in January 1 - Earnings Summary
31/10/2024 02:35
* New York Mortgage Trust Inc NYMT.OQ reported quarterly
adjusted earnings of 36 cents per share for the quarter ended
January 1, higher than the same quarter last year, when the
company reported EPS of $-1.04. The mean expectation of
eight analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from zero cents
to 17 cents per share.
* Revenue rose 20.5% to $20.24 million from a year ago;
analysts
expected $21.46 million.
* New York Mortgage Trust Inc's reported EPS for the quarter
was
36 cents.
* The company reported quarterly net income of $32.41
million.
* New York Mortgage Trust Inc shares had fallen by 14.1%
this
quarter and lost 36.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 42.1%
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," 6
"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 $7.00
This summary was machine generated from LSEG data October 31 at
02:34 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
Sep. 30 2024 0.04 0.36 Beat
Jun. 30 2024 0.03 -0.29 Missed
Mar. 31 2024 0.12 -0.59 Missed
Dec. 31 2023 0.02 0.35 Beat