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

Arbor Realty Trust

28/07/2023 14:31

* Arbor Realty Trust Inc  ABR.N  reported quarterly adjusted
earnings of 57 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 44 cents per share.
    * Revenue rose 15.2% to $108.54 million from a year ago;
analysts
expected $99.11 million. 
    * Arbor Realty Trust Inc's reported EPS for the quarter was
41
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Arbor Realty Trust Inc shares had risen by 9.0% this
quarter and
gained 22.4% so far this year.
    * The company reported quarterly net income of $76.16
million.
    * Wall Street's median 12-month price target for Arbor
Realty
Trust Inc is $15.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.44           0.57           Beat
 Mar. 31 2023      0.40           0.62           Beat
 Dec. 31 2022      0.35           0.45           Beat
 Sep. 30 2022      0.36           0.36           Met