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

Adamas Trust

04/05/2023 01:02

* New York Mortgage Trust Inc  NYMT.OQ  reported quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
in March. The mean expectation of seven analysts for the quarter
was for earnings of 2 cents per share.
    * Revenue fell 40.4% to $17.80 million from a year ago;
analysts
expected $25.88 million. 
    * New York Mortgage Trust Inc's reported EPS for the quarter
was
11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 70.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * New York Mortgage Trust Inc shares had fallen by 4.0% this
quarter and lost 6.6% so far this year.
    * The company reported quarterly net income of $10.52
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 May
4 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.02           -0.88          Missed