Armour Residential Reit Inc Expected To Post Earnings Of $1.05 A Share: Earnings Preview

ARMOUR Residential REIT

22/04/2024 12:02

* ARMOUR Residential REIT Inc  ARR.N   ARR  is expected
to show a
rise in quarterly revenue when it reports  results on April 24
(estimated) for the period ending March 31 2024
    * The Vero Beach Florida-based  company is expected to
report a
449.0% increase in revenue to $65.82 million from $11.99 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for ARMOUR Residential REIT
Inc is
for earnings of $1.05 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ARMOUR
Residential REIT Inc is $19.00​, above​ its last closing price
of $18.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.99        1.00       1.07      Beat    7
 Sep. 30 2023  1.13        1.15       1.08      Missed  -6.1
 Jun. 30 2023  1.11        1.22       1.15      Missed  -5.4​
 Mar. 31 2023  1.32        1.34       1.35      Beat    0.6
 ​​Dec.        1.46        1.46       1.35      Missed  -7.7
 31 2022                                                
 Sep. 30 2022  1.41        1.43       1.60      Beat    12.3​
 Jun. 30 2022  1.31        1.30       1.45      Beat    11.8
 Mar. 31 2022  1.19        1.29       1.40      Beat    8.9
 This summary was machine generated April 22 at 11:02 GMT.  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)