New York Mortgage Trust Inc reports results for the quarter ended June 30 - Earnings Summary

• New York Mortgage Trust Inc NYMT.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of six analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 16 cents to 32 cents per share.

• Revenue rose 91.4% to $36.45 million from a year ago; analysts expected $38.29 million.

• New York Mortgage Trust Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $3.49 million.

• New York Mortgage Trust Inc shares had risen by 1.8% this quarter and gained 12.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 61.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for New York Mortgage Trust Inc is $7.50, about 9.1% above its last closing price of $6.82

This summary was machine generated from LSEG data July 30 at 09:02 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)