New York Mortgage Trust Inc reports results for the quarter ended in January 1 - Earnings Summary

Reuters10-31

* 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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