New York Mortgage Trust: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
New York Mortgage Trust (NASDAQ:NYMT) reported Q4 earnings with an EPS of $0.35, significantly beating the estimate of $0.02 by 1650%. However, revenue decreased by $5.50 million compared to the same period last year. The company had previously missed EPS estimates in Q3 2023, which led to a 1.26% drop in share price the following day.

February 21, 2024 | 9:40 pm
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New York Mortgage Trust reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year.
The substantial beat on earnings estimates is likely to positively impact investor sentiment and potentially increase NYMT's stock price in the short term. However, the decrease in revenue year-over-year could temper some of the positive momentum. Historical data shows that past earnings misses have led to immediate negative reactions in the stock price, suggesting that positive earnings surprises could have a converse effect.
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