Angel Oak Mortgage REIT Inc reports results for the quarter ended in December - Earnings Summary
05/03/2024 23:42
* Angel Oak Mortgage REIT Inc AOMR.N reported a quarterly
adjusted loss of 26 cents per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of $-2.50. The mean expectation of
four analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 16 cents to 20
cents per share.
* Revenue fell 50.7% to $8.24 million from a year ago;
analysts
expected $9.00 million.
* Angel Oak Mortgage REIT Inc's reported EPS for the quarter
was
$1.15.
* The company reported quarterly net income of $28.6
million.
* Angel Oak Mortgage REIT Inc shares had fallen by 3.8% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer
group is
also "hold"
Wall Street's median 12-month price target for Angel Oak
Mortgage REIT Inc is $10.00
This summary was machine generated from LSEG data March 5 at
11:42 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 0.18 -0.26 Missed
Sep. 30 2023 0.11 -0.36 Missed
Jun. 30 2023 0.14 -0.16 Missed
Mar. 31 2023 0.20 -0.37 Missed