Lument Finance Trust Inc expected to post earnings of 11 cents a share - Earnings Preview

Lument Finance Trust

13/03/2024 20:04

* Lument Finance Trust Inc  LFT.N   LFT  is expected to show
a
rise in quarterly revenue when it reports  results on March 15
for the period ending December 31 2023
    * The New York City-based  company is expected to report a
69.9% increase in revenue to $32.653 million from $19.22 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (Revenue is on Total interest income basis)
    * ​LSEG's mean analyst estimate for Lument Finance Trust Inc
is
for earnings of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Lument
Finance
Trust Inc is $2.50​, above​ its last closing price of $2.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.08        0.09       0.11      Beat    27.9
 Jun. 30 2023  0.08        0.07       0.04      Missed  -44.4
 Mar. 31 2023  0.02        0.05       0.00      Missed  -100​
 Dec. 31 2022  0.05        0.05       0.06      Beat    15.4
 ​​Sep.        0.05        0.06       0.03      Missed  -45.5
 30 2022                                                
 Jun. 30 2022  0.06        0.06       0.05      Missed  -21.9​
 Mar. 31 2022  0.08        0.08       0.05      Missed  -35.9
 Dec. 31 2021  0.11        0.10       0.11      Beat    8.2
 This summary was machine generated March 13 at 20:04 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)