Armour Residential Reit Inc Expected To Post Earnings Of 99 Cents A Share: Earnings Preview

ARMOUR Residential REIT

22/07/2024 13:23

* ARMOUR Residential REIT Inc  ARR.N   ARR  is expected
to show a
rise in quarterly revenue when it reports  results on July 24
(estimated) for the period ending June 30 2024
    * The Vero Beach Florida-based  company is expected to
report a
827.8% increase in revenue to $53.444 million from $5.76 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (Revenue concensus is on Net Interese Income
Basis)
    * ​LSEG's mean analyst estimate for ARMOUR Residential REIT
Inc is
for earnings of 99 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months. ​
    * Wall Street's median 12-month price target for ARMOUR
Residential REIT Inc is $20.00​, below​ its last closing price
of $21.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.04        0.97       0.82      Missed  -15.2
 Dec. 31 2024  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.        1.32        1.34       1.35      Beat    0.6
 31 2023                                                
 Dec. 31 2022  1.46        1.46       1.35      Missed  -7.7​
 Jan. 1 0001   1.41        1.43       1.60      Beat    12.3
 Jun. 30 2022  1.31        1.30       1.45      Beat    11.8
 This summary was machine generated July 22 at 12:23 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)