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

Lument Finance Trust

09/11/2022 24:02

* Lument Finance Trust Inc  LFT.N  reported quarterly
adjusted
earnings of 3 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 6 cents per share.
    * Revenue rose 15.8% to $5.48 million from a year ago;
analysts
expected $13.87 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 11.3%
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 0.9% this
quarter and lost 44.3% so far this year.
    * The company reported quarterly net income of $315
thousand.
    * Wall Street's median 12-month price target for Lument
Finance
Trust Inc is $3.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
9 at 12:02 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.06           0.03           Missed
 Jun. 30 2022      0.06           0.05           Missed
 Mar. 31 2022      0.08           0.05           Missed
 Dec. 31 2021      0.10           0.11           Beat