Armour Residential Reit Inc Expected To Post Earnings Of $1.15 A Share: Earnings Preview

ARMOUR Residential REIT

20/10/2023 12:01

* ARMOUR Residential REIT Inc  ARR.N   ARR  is expected
to show a
fall in quarterly revenue when it reports  results on October 24
(estimated). 
    * The Vero Beach Florida-based  company is expected to
report  a
72.2% decrease in revenue to $6.991 million from $25.15 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ARMOUR Residential
REIT
Inc is for earnings of $1.15 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 $30​, above​ its last closing price
of $15.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  1.46        1.46       1.35      Missed  -7.7​
 Sep. 30 2022  1.41        1.43       1.60      Beat    12.3
 ​​Jun.        1.31        1.30       1.45      Beat    11.8
 30 2022                                                
 Mar. 31 2022  1.19        1.29       1.40      Beat    8.9​
 Dec. 31 2021  1.39        1.37       1.35      Missed  -1.2
 Sep. 30 2021  1.19        1.25       1.25      Met     -0.3
 This summary was machine generated October 20 at 11:01 GMT.  All
figures in US dollars  unless otherwise stated