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

Lument Finance Trust

10/05/2022 24:09

* Lument Finance Trust Inc  LFT.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 8 cents per share.
    * Revenue rose 121.7% to $10.01 million from a year ago; 
analysts
expected $7.60 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.2%
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 fallen by 3.3% this
quarter and lost 31.0% so far this year.
    * The company reported quarterly net income of $1.77
million.
    * Wall Street's median 12-month price target for Lument
Finance
Trust Inc is $3.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 9 at 11:09 p.m.  ​All
figures in US dollars unless otherwise stated