Arbor Realty Trust Inc reports results for the quarter ended in December - Earnings Summary

Arbor Realty Trust

16/02/2024 15:13

* Arbor Realty Trust Inc  ABR.N  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
six analysts for the quarter was for earnings of 44 cents per
share. Wall Street expected results to range from 39 cents to 49
cents per share.
    * Revenue fell 8.4% to $103.58 million from a year ago;
analysts
expected $97.65 million. 
    * Arbor Realty Trust Inc's reported EPS for the quarter was
48
cents​.
    * The company reported quarterly net income of $91.66
million.
    * Arbor Realty Trust Inc shares had fallen by 13.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Arbor
Realty
Trust Inc is $15.50 

This summary was machine generated from LSEG data February 16 at
03:12 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      0.44           0.51           Beat
 Sep. 30 2023      0.45           0.55           Beat
 Jun. 30 2023      0.44           0.57           Beat
 Mar. 31 2023      0.40           0.62           Beat