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

Lument Finance Trust

02/08/2024 21:52

* Lument Finance Trust Inc  LFT.N   LFT  is expected to show
a
rise in quarterly revenue when it reports  results on August 6
(estimated) for the period ending June 30 2024
    * The New York City-based  company is expected to report a
39.1% increase in revenue to $31.506 million from $22.65 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represents Total Intereset 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 $2.63​, below​ its last closing price of $2.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.13        0.12       0.15      Beat    30.4
 Dec. 31 2024  0.10        0.11       0.10      Missed  -5.7
 Sep. 30 2023  0.08        0.09       0.11      Beat    27.9​
 Jan. 1 0001   0.08        0.07       0.04      Missed  -44.4
 ​​Mar.        0.02        0.05       0.00      Missed  -100
 31 2023                                                
 Dec. 31 2022  0.05        0.05       0.06      Beat    15.4​
 Jan. 1 0001   0.05                   0.03              -45.5
 Jun. 30 2022  0.06        0.06       0.05      Missed  -21.9
 This summary was machine generated August 2 at 20:52 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)