* New York Mortgage Trust Inc reported quarterly adjusted earnings of 36 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $-1.04. The mean expectation of eight analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from zero cents to 17 cents per share.
* Revenue rose 20.5% to $20.24 million from a year ago; analysts expected $21.46 million.
* New York Mortgage Trust Inc's reported EPS for the quarter was 36 cents.
* The company reported quarterly net income of $32.41 million.
* New York Mortgage Trust Inc shares had fallen by 14.1% this quarter and lost 36.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 42.1% 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 2 "strong buy" or "buy," 6 "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 New York Mortgage Trust Inc is $7.00 This summary was machine generated from LSEG data October 31 at 02:34 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
Sep. 30 2024 0.04 0.36 Beat
Jun. 30 2024 0.03 -0.29 Missed
Mar. 31 2024 0.12 -0.59 Missed
Dec. 31 2023 0.02 0.35 Beat
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