Angel Oak Mortgage REIT Inc reports results for the quarter ended in June - Earnings Summary

Angel Oak Mortgage REIT

08/08/2023 14:32

* Angel Oak Mortgage REIT Inc  AOMR.N  reported a quarterly
adjusted loss of 16 cents​​ per share for the quarter ended in
June. The mean expectation of five analysts for the quarter was
for earnings of 14 cents per share.
    * Revenue fell 60.7% to $6.45 million from a year ago;
analysts
expected $9.28 million. 
    * Angel Oak Mortgage REIT Inc's reported EPS for the quarter
was a
loss of 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Angel Oak Mortgage REIT Inc shares had risen by 12.3% this
quarter and gained 95.6% so far this year.
    * The company reported a quarterly loss of $3.69 million.
    * Wall Street's median 12-month price target for Angel Oak
Mortgage REIT Inc is $8.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.14           -0.16          Missed
 Mar. 31 2023      0.20           -0.37          Missed
 Dec. 31 2022      0.31           -2.50          Missed
 Sep. 30 2022      0.45           0.84           Beat