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

Adamas Trust

02/11/2023 05:33

* New York Mortgage Trust Inc  NYMT.OQ  reported a quarterly
adjusted loss of $1.04​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $-1.32.  The mean expectation of
six analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from -11 cents
to 32 cents per share.
    * Revenue rose 18.1% to $16.79 million from a year ago;
analysts
expected $21.14 million. 
    * New York Mortgage Trust Inc's reported EPS for the quarter
was a
loss of $1.04​.
    * The company reported a quarterly loss of $94.82 million.
    * New York Mortgage Trust Inc shares had fallen by 6.6% this
quarter and lost 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.7%
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," 4
"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 $12.00 
This summary was machine generated from LSEG data November 2 at
05:33 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.10           -1.04          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