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New York Mortgage Trust (NASDAQ:NYMT) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate New York Mortgage Trust to report an earnings per share (EPS) of $0.04.
New York Mortgage Trust bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
The company's EPS missed by $0.30 in the last quarter, leading to a 2.01% drop in the share price on the following day.
Here's a look at New York Mortgage Trust's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | 0.12 | 0.02 | 0.10 |
| EPS Actual | -0.29 | -0.75 | 0.35 | -1.04 |
| Price Change % | -2.0% | -11.0% | -2.0% | -1.0% |
Shares of New York Mortgage Trust were trading at $5.28 as of October 28. Over the last 52-week period, shares are down 32.85%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: NYMT
