Great Ajax Corp reports results for the quarter ended in January - Earnings Summary

Rithm Property Trust

03/05/2024 22:47

* Great Ajax Corp  AJX.N  reported a quarterly adjusted loss
of
$2.41​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of -34
cents.  The mean expectation of two analysts for the quarter was
for earnings of 2 cents per share. Wall Street expected
results to range from -7 cents to 11 cents per share.
    * Revenue rose 9,044.6% to $49.38 million from a year ago;
analysts expected $3.22 million. 
    * Great Ajax Corp's reported EPS for the quarter was a loss
of
$2.41​.
    * The company reported a quarterly loss of $73.32 million.
    * Great Ajax Corp shares had fallen by 1.8% this quarter and
lost 29.6% so far this year.

FORECAST CHANGES
    * 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is  "hold."

Wall Street's median 12-month price target for Great Ajax Corp
is $8.00 
This summary was machine generated from LSEG data May 3 at 09:47
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
 Mar. 31 2024      0.02           -2.41          Missed
 Dec. 31 2023      0.21           -0.86          Missed
 Sep. 30 2023      0.03           -0.25          Missed
 Jun. 30 2023      0.00           -0.51          Missed