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

Arbor Realty Trust

03/05/2024 14:31

* Arbor Realty Trust Inc  ABR.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 62 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 36 cents to 46 cents per share.
    * Revenue rose 48% to $160.65 million from a year ago;
analysts
expected $89.95 million. 
    * Arbor Realty Trust Inc's reported EPS for the quarter was
26
cents​.
    * The company reported quarterly net income of $57.87
million.
    * Arbor Realty Trust Inc shares had fallen by 1.3% this
quarter and lost 13.8% so far this year.

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 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 $13.25 
This summary was machine generated from LSEG data May 3 at 01:31
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
 Mar. 31 2024      0.41           0.31           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