Angel Oak Mortgage REIT Inc reports results for the quarter ended in January - Earnings Summary
07/05/2024 16:52
* Angel Oak Mortgage REIT Inc AOMR.N reported quarterly
adjusted
earnings of 11 cents per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -37 cents. The mean expectation of
four analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 13 cents to 22
cents per share.
* Revenue rose 26.2% to $8.58 million from a year ago;
analysts
expected $9.41 million.
* Angel Oak Mortgage REIT Inc's reported EPS for the quarter
was
51 cents.
* The company reported quarterly net income of $12.87
million.
* Angel Oak Mortgage REIT Inc shares had risen by 6.2% this
quarter and gained 7.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 8.5%
in the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
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 $12.00
This summary was machine generated from LSEG data May 7 at 03:52
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 0.19 0.11 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