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

Rithm Property Trust

24/07/2024 14:51

* Great Ajax Corp  AJX.N  reported a quarterly adjusted loss
of 32
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -51
cents.  The mean expectation of two analysts for the quarter was
for a loss of 15 cents per share. Wall Street expected
results to range from -30 cents to -1 cents per share.
    * Revenue rose 271.1% to $-8.96 million from a year ago;
analysts
expected $4.98 million. 
    * Great Ajax Corp's reported EPS for the quarter was a loss
of 32
cents​.
    * The company reported a quarterly loss of $12.74 million.
    * Great Ajax Corp shares had risen by 7.8% this quarter and
lost 27.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,450% 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 "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 $6.00 
This summary was machine generated from LSEG data July 24 at
01:51 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
 Jun. 30 2024      -0.15          -0.32          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