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

Lument Finance Trust

13/08/2024 02:37

* Lument Finance Trust Inc  LFT.N  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 4 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 8 cents to 14 cents per
share.
    * Revenue rose 35.3% to $30.64 million from a year ago;
analysts
expected $31.51 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $3.41
million.
    * Lument Finance Trust Inc shares had risen by 6.7% this
quarter and gained 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $2.63 
This summary was machine generated from LSEG data August 13 at
01:37 a.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
 Jun. 30 2024      0.11           0.09           Missed
 Mar. 31 2024      0.12           0.15           Beat
 Dec. 31 2023      0.11           0.10           Missed
 Sep. 30 2023      0.09           0.11           Beat