* AFC Gamma Inc reported quarterly adjusted earnings of 49 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of four analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 49 cents to 55 cents per share.
* Revenue fell 12.3% to $14.75 million from a year ago; analysts expected $16.24 million.
* AFC Gamma Inc's reported EPS for the quarter was a loss of 1 cent.
* The company reported a quarterly loss of $54.12 million.
* AFC Gamma Inc shares had risen by 0.2% this quarter and gained 3.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.5% 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 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* Wall Street's median 12-month price target for AFC Gamma Inc is $15.00
This summary was machine generated from LSEG data May 9 at 02:19 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 0.51 0.49 Missed
Dec. 31 2023 0.50 0.49 Missed
Sep. 30 2023 0.49 0.49 Met
Jun. 30 2023 0.54 0.49 Missed
Comments