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

ARMOUR Residential REIT

21/10/2024 17:14

* ARMOUR Residential REIT Inc  ARR.N   ARR  is expected
to show a
rise in quarterly revenue when it reports  results on October 23
(estimated) for the period ending September 30 2024
    * The Vero Beach Florida-based  company is expected to
report a
1,312.7% increase in revenue to $50.788 million from $3.6
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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ARMOUR
Residential REIT Inc is 20.50​, above​ its last closing price
of $20.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.04        0.99       1.08      Beat    9.5
 Mar. 31 2024  1.04        0.97       0.82      Missed  -15.2
 Dec. 31 2023  0.99        1.00       1.07      Beat    7​
 Sep. 30 2023  1.13        1.15       1.08      Missed  -6.1
 ​​Jun.        1.11        1.22       1.15      Missed  -5.4
 30 2023                                                
 Jan. 1 0001   1.32        1.34       1.35      Beat    0.6​
 Jan. 1 0001   1.46        1.46       1.35      Missed  -7.7
 Sep. 30 2022  1.41        1.43       1.60      Beat    12.3
 This summary was machine generated October 21 at 16:14 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)