MFA Financial Inc reports results for the quarter ended in December - Earnings Summary

MFA Financial

23/02/2024 03:07

* MFA Financial Inc  MFA.N  reported quarterly adjusted
earnings
of 49 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -2 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 28 cents to 41
cents per share.
    * Revenue fell 16.5% to $46.46 million from a year ago;
analysts
expected $53.92 million. 
    * MFA Financial Inc's reported EPS for the quarter was 80
cents​.
    * The company reported quarterly net income of $81.53
million.
    * MFA Financial Inc shares had fallen by 3.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 MFA Financial Inc
is $12.25 
This summary was machine generated from LSEG data February 23 at
03:06 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
 Dec. 31 2023      0.38           0.49           Beat
 Sep. 30 2023      0.35           0.40           Beat
 Jun. 30 2023      0.34           0.40           Beat
 Mar. 31 2023      0.33           0.63           Beat