ARMOUR Residential REIT Q2 Distributable EPS $0.23 Misses $0.24 Estimate
Portfolio Pulse from Bill Haddad
ARMOUR Residential REIT (NYSE:ARR) reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.24 by 4.17 percent. This represents a 20.69 percent decrease from the same period last year.
July 26, 2023 | 8:55 pm
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NEGATIVE IMPACT
ARMOUR Residential REIT's Q2 earnings missed estimates and decreased significantly from last year, which could negatively impact the stock price.
Earnings reports are a key indicator of a company's financial health. A miss on earnings estimates and a significant year-over-year decrease could be seen as a negative signal by investors, potentially leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100