Arbor Realty Trust Inc ABR.N reported quarterly adjusted earnings of 25 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of four analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 8 cents to 33 cents per share.
Revenue fell 21.9% to $68.73 million from a year ago; analysts expected $77.02 million.
Arbor Realty Trust Inc's reported EPS for the quarter was 12 cents.
The company reported quarterly net income of $23.95 million.
Arbor Realty Trust Inc shares had risen by 4.3% this quarter and lost 19.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 18% 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 1 "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Arbor Realty Trust Inc is $11.00, about 1.5% below its last closing price of $11.16
This summary was machine generated from LSEG data August 1 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)