New York Mortgage Trust Inc reports results for the quarter ended in June - Earnings Summary
31/07/2024 22:23
* New York Mortgage Trust Inc NYMT.OQ reported a quarterly
adjusted loss of 29 cents per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -41 cents. The mean expectation of
seven analysts for the quarter was for earnings of 3 cents per
share. Wall Street expected results to range from -2 cents to 9
cents per share.
* Revenue rose 25.8% to $19.04 million from a year ago;
analysts
expected $23.48 million.
* New York Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 29 cents.
* The company reported a quarterly loss of $26.03 million.
* New York Mortgage Trust Inc shares had risen by 13.0% this
quarter and lost 22.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 81.7%
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 $7.00
This summary was machine generated from LSEG data July 31 at
09:23 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 2024 0.03 -0.29 Missed
Mar. 31 2024 0.12 -0.59 Missed
Dec. 31 2023 0.02 0.35 Beat
Sep. 30 2023 0.10 -1.04 Missed