New York Mortgage Trust Inc reports results for the quarter ended in June - Earnings Summary

Adamas Trust

02/08/2023 23:33

* New York Mortgage Trust Inc  NYMT.OQ  reported a quarterly
adjusted loss of 41 cents​​ per share for the quarter ended in
June. The mean expectation of seven analysts for the quarter was
for earnings of 11 cents per share.
    * Revenue fell 42.1% to $15.14 million from a year ago;
analysts
expected $20.65 million. 
    * New York Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 41 cents​.
    * The mean earnings estimate of analysts had risen by
about 53.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * New York Mortgage Trust Inc shares had risen by 1.5% this
quarter and lost 1.7% so far this year.
    * The company reported a quarterly loss of $37.2 million.
    * Wall Street's median 12-month price target for New York
Mortgage
Trust Inc is $12.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 10:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           -0.41          Missed
 Mar. 31 2023      0.02           0.11           Beat
 Dec. 31 2022      -0.01          -0.52          Missed
 Sep. 30 2022      -0.16          -1.32          Missed