In This Article:
New York Mortgage Trust (NASDAQ:NYMT) Third Quarter 2024 Results
Key Financial Results
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Net income: US$32.4m (up from US$94.8m loss in 3Q 2023).
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EPS: US$0.36 (up from US$1.04 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
New York Mortgage Trust EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates significantly.
Looking ahead, revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 30%.
Performance of the American Mortgage REITs industry.
The company's shares are up 10% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for New York Mortgage Trust that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.