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

ARMOUR Residential REIT

24/07/2024 23:29

* ARMOUR Residential REIT Inc  ARR.N  reported quarterly
adjusted
earnings of $1.08​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.15.  The mean expectation of five analysts for the
quarter was for earnings of 99 cents per share. Wall Street
expected results to range from 87 cents to $1.12 per share.
    * Revenue rose 21.5% to $7.00 million from a year ago;
analysts
expected $53.44 million. 
    * ARMOUR Residential REIT Inc's reported EPS for the quarter
was a
loss of $1.05​.
    * The company reported a quarterly loss of $51.3 million.
    * ARMOUR Residential REIT Inc shares had risen by 10.2% this
quarter and gained 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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," 6
"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 $20.00 
This summary was machine generated from LSEG data July 24 at
10:29 p.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
 Jun. 30 2024      0.99           1.08           Beat
 Mar. 31 2024      0.97           0.82           Missed
 Dec. 31 2023      1.00           1.07           Beat
 Sep. 30 2023      1.15           1.08           Missed