Armour Residential Reit Inc Reports Results For The Quarter Ended In December: Earnings Summary

ARMOUR Residential REIT

15/02/2024 10:04

* ARMOUR Residential REIT Inc  ARR.N  reported quarterly
adjusted
earnings of $1.07​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.35.  The mean expectation of four analysts for the
quarter was for earnings of $1.00 per share. Wall Street
expected results to range from 90 cents to $1.10 per share.
    * Revenue fell 64.9% to $5.80 million from a year ago;
analysts
expected $33.09 million. 
    * ARMOUR Residential REIT Inc's reported EPS for the quarter
was
$1.96​.
    * The company reported quarterly net income of $96.6
million.
    * ARMOUR Residential REIT Inc shares had fallen by 5.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for ARMOUR
Residential REIT Inc is $19.25 
This summary was machine generated from LSEG data February 15 at
10:03 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.00           1.07           Beat
 Sep. 30 2023      1.15           1.08           Missed
 Jun. 30 2023      1.22           1.15           Missed
 Mar. 31 2023      1.34           1.35           Beat