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

Arbor Realty Trust

02/08/2024 14:32

* Arbor Realty Trust Inc  ABR.N  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 57 cents.  The mean expectation of six analysts
for the quarter was for earnings of 41 cents per share. Wall
Street expected results to range from 35 cents to 46 cents per
share.
    * Revenue fell 19% to $87.96 million from a year ago;
analysts
expected $89.98 million. 
    * Arbor Realty Trust Inc's reported EPS for the quarter was
25
cents​.
    * The company reported quarterly net income of $47.4
million.
    * Arbor Realty Trust Inc shares had fallen by 8.0% this
quarter and lost 13.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Arbor Realty
Trust Inc is $14.00 
This summary was machine generated from LSEG data August 2 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      0.41           0.45           Beat
 Mar. 31 2024      0.41           0.47           Beat
 Dec. 31 2023      0.44           0.51           Beat
 Sep. 30 2023      0.45           0.55           Beat