Lument Finance Trust Inc reports results for the quarter ended in December - Earnings Summary

Lument Finance Trust

15/03/2024 21:41

* Lument Finance Trust Inc  LFT.N  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
five analysts for the quarter was for earnings of 11 cents per
share. Wall Street expected results to range from 10 cents to 12
cents per share.
    * Revenue rose 66.4% to $31.99 million from a year ago;
analysts
expected $32.65 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $3.83
million.
    * Lument Finance Trust Inc shares had fallen by 4.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Lument Finance
Trust Inc is $2.50 
This summary was machine generated from LSEG data March 15 at
09:40 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
 Dec. 31 2023      0.11           0.10           Missed
 Sep. 30 2023      0.09           0.11           Beat
 Jun. 30 2023      0.07           0.04           Missed
 Mar. 31 2023      0.05           0.00           Missed