Lument Finance Trust Inc expected to post earnings of 8 cents a share - Earnings Preview

Lument Finance Trust

08/11/2024 23:26

* Lument Finance Trust Inc  LFT.N   LFT  is expected to show
a
fall in quarterly revenue when it reports  results on November
12 for the period ending September 30 2024
    * The New York City-based  company is expected to report a
12.9% decrease in revenue to $27.735 million from $31.86 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 8 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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​, below​ its last closing price of $2.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.11        0.11       0.09      Missed  -16.7
 Mar. 31 2024  0.13        0.12       0.15      Beat    30.4
 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.        0.08        0.07       0.04      Missed  -44.4
 30 2023                                                
 Mar. 31 2023  0.02        0.05       0.00      Missed  -100​
 Dec. 31 2022  0.05        0.05       0.06      Beat    15.4
 Sep. 30 2022  0.05        0.06       0.03      Missed  -45.5
 This summary was machine generated November 8 at 23:26 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)