Lument Finance Trust Inc expected to post earnings of 12 cents a share - Earnings Preview

Lument Finance Trust

07/05/2024 13:04

* Lument Finance Trust Inc  LFT.N   LFT  is expected to show
a
rise in quarterly revenue when it reports  results on May 9 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
51.5% increase in revenue to $33.641 million from $22.21 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Lument Finance Trust Inc
is
for earnings of 12 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​, above​ its last closing price of $2.31. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.10        0.11       0.10      Missed  -5.7
 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.        0.05        0.05       0.06      Beat    15.4
 31 2022                                                
 Sep. 30 2022  0.05        0.06       0.03      Missed  -45.5​
 Jun. 30 2022  0.06        0.06       0.05      Missed  -21.9
 Jan. 1 0001   0.08        0.08       0.05      Missed  -35.9
 This summary was machine generated May 7 at 12:04 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)