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

Angel Oak Mortgage REIT

04/05/2023 20:06

* Angel Oak Mortgage REIT Inc  AOMR.N  reported a quarterly
adjusted loss of 37 cents​​ per share for the quarter ended in
March. The mean expectation of six analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue fell 59.9% to $6.80 million from a year ago;
analysts
expected $10.70 million. 
    * Angel Oak Mortgage REIT Inc's reported EPS for the quarter
was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.4%
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 fallen by 1.0% this
quarter and gained 52.9% so far this year.
    * The company reported quarterly net income of $530
thousand.
    * Wall Street's median 12-month price target for Angel Oak
Mortgage REIT Inc is $7.50 
    * 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 May
4 at 07:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.47           0.93           Beat