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

Advanced Flower Capital

09/05/2024 15:19

* AFC Gamma Inc  AFCG.OQ  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 57
cents.  The mean expectation of four analysts for the quarter
was for earnings of 51 cents per share. Wall Street expected
results to range from 49 cents to 55 cents per share.
    * Revenue fell 12.3% to $14.75 million from a year ago;
analysts
expected $16.24 million. 
    * AFC Gamma Inc's reported EPS for the quarter was a loss of
1
cent​.
    * The company reported a quarterly loss of $54.12 million.
    * AFC Gamma Inc shares had risen by 0.2% this quarter and
gained 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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 May 9 at 02:19
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
 Mar. 31 2024      0.51           0.49           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