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

ARMOUR Residential REIT

27/07/2023 01:38

* ARMOUR Residential REIT Inc  ARR.N  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 24 cents per share.
    * Revenue fell 25.1% to $26.25 million from a year ago;
analysts
expected $53.43 million. 
    * ARMOUR Residential REIT Inc's reported EPS for the quarter
was
20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * ARMOUR Residential REIT Inc shares had fallen by 2.8% this
quarter and lost 8.0% so far this year.
    * The company reported quarterly net income of $39.97
million.
    * Wall Street's median 12-month price target for ARMOUR
Residential REIT Inc is $5.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 12:38 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.24           0.23           Missed
 Mar. 31 2023      0.27           0.27           Met
 Dec. 31 2022      0.29           0.27           Missed
 Sep. 30 2022      0.29           0.32           Beat