Angel Oak Mortgage REIT Inc reports results for the quarter ended in June - Earnings Summary
06/08/2024 14:32
* Angel Oak Mortgage REIT Inc AOMR.N reported a quarterly
adjusted loss of 9 cents per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -16 cents. The mean expectation of
five analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 13 cents to 38
cents per share.
* Revenue rose 46.7% to $9.46 million from a year ago;
analysts
expected $9.59 million.
* Angel Oak Mortgage REIT Inc's reported EPS for the quarter
was a
loss of 1 cent.
* The company reported a quarterly loss of $273 thousand.
* Angel Oak Mortgage REIT Inc shares had fallen by 5.8% this
quarter and gained 16.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 10.1%
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," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer
group is
also "buy"
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 August 6 at
01:32 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
Jun. 30 2024 0.23 -0.09 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