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

Adamas Trust

04/05/2022 01:35

* New York Mortgage Trust Inc  NYMT.OQ  reported a quarterly
adjusted loss of 22 cents​​ per share for the quarter ended in
March. The mean expectation of nine analysts for the quarter was
for earnings of 7 cents per share.
    * Revenue fell 1.5% to $29.88 million from a year ago; 
analysts
expected $36.92 million. 
    * New York Mortgage Trust Inc's reported EPS for the quarter
was a
loss of 22 cents​.
    * The mean earnings estimate of analysts had fallen by
about 35.8%
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 fallen by 12.1%
this
quarter and lost 13.7% so far this year.
    * The company reported a quarterly loss of $84.34 million.
    * Wall Street's median 12-month price target for New York
Mortgage
Trust Inc is $4.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 4 at 12:35 a.m.  ​All
figures in US dollars unless otherwise stated