AFC Gamma Inc reports results for the quarter ended in December - Earnings Summary

Advanced Flower Capital

07/03/2024 16:56

* AFC Gamma Inc  AFCG.OQ  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 62 cents.  The mean expectation of four analysts for the
quarter was for earnings of 50 cents per share. Wall Street
expected results to range from 49 cents to 51 cents per share.
    * Revenue fell 25.5% to $15.97 million from a year ago;
analysts
expected $15.68 million. 
    * AFC Gamma Inc's reported EPS for the quarter was a loss
of 45
cents​.
    * The company reported a quarterly loss of $9.19 million.
    * AFC Gamma Inc shares had fallen by 5.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for AFC Gamma
Inc is
$15.00 

This summary was machine generated from LSEG data March 7 at
04:55 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
 Dec. 31 2023      0.50           0.49           Missed
 Sep. 30 2023      0.49           0.49           Met
 Jun. 30 2023      0.54           0.49           Missed
 Mar. 31 2023      0.57           0.57           Met