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

Lument Finance Trust

09/08/2023 10:58

* Lument Finance Trust Inc  LFT.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 7 cents per share.
    * Revenue rose 79.2% to $22.65 million from a year ago;
analysts
expected $22.17 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 3
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Lument Finance Trust Inc shares had risen by 14.2% this
quarter.
    * The company reported quarterly net income of $1.39
million.
    * Wall Street's median 12-month price target for Lument
Finance
Trust Inc is $2.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:58 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.07           0.04           Missed
 Mar. 31 2023      0.05           0.00           Missed
 Dec. 31 2022      0.05           0.06           Beat
 Sep. 30 2022      0.06           0.03           Missed