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

Lument Finance Trust

12/05/2023 24:01

* Lument Finance Trust Inc  LFT.N  reported quarterly
breakeven
results​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
5 cents per share.
    * Revenue rose 121.7% to $22.21 million from a year ago;
analysts
expected $19.47 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 19.6%
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 15.8% this
quarter and lost 10.5% so far this year.
    * The company reported quarterly net income of $4.58
million.
    * Wall Street's median 12-month price target for Lument
Finance
Trust Inc is $2.88 
    * 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 May
11 at 11:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.06           0.05           Missed