Lument Finance Trust Inc reports results for the quarter ended September 30 - Earnings Summary

Lument Finance Trust

13/11/2024 14:27

* Lument Finance Trust Inc  LFT.N  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 11 cents.  The mean expectation of five analysts
for the quarter was for earnings of 8 cents per share. Wall
Street expected results to range from 7 cents to 11 cents per
share.
    * Revenue fell 6.9% to $29.67 million from a year ago;
analysts
expected $27.74 million. 
    * Lument Finance Trust Inc's reported EPS for the quarter
was 10
cents​.
    * The company reported quarterly net income of $5.1 million.
    * Lument Finance Trust Inc shares had fallen by 3.2% this
quarter and gained 5.2% 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 earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Lument Finance
Trust Inc is $2.50 
This summary was machine generated from LSEG data November 13 at
02:27 p.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
 Sep. 30 2024      0.08           0.10           Beat
 Jun. 30 2024                     0.09           
 Mar. 31 2024      0.12           0.15           Beat
 Dec. 31 2023      0.11           0.10           Missed