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

Advanced Flower Capital

08/08/2023 15:11

* AFC Gamma Inc  AFCG.OQ  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
54 cents per share.
    * Revenue fell 19.6% to $16.01 million from a year ago;
analysts
expected $17.11 million. 
    * AFC Gamma Inc's reported EPS for the quarter was 59
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * AFC Gamma Inc shares had risen by 7.4% this quarter and
lost 15.0% so far this year.
    * The company reported quarterly net income of $12.14
million.
    * Wall Street's median 12-month price target for AFC Gamma
Inc is
$17.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 02:11 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.54           0.49           Missed
 Mar. 31 2023      0.57           0.57           Met
 Dec. 31 2022      0.58           0.62           Beat
 Sep. 30 2022      0.66           0.59           Missed