Angel Oak Mortgage REIT Q4 2023 Adj EPS $(0.260) Misses $0.180 Estimate, Sales $8.240M Miss $9.002M Estimate
Portfolio Pulse from Benzinga Newsdesk
Angel Oak Mortgage REIT (AOMR) reported Q4 2023 adjusted EPS of $(0.260), missing the $0.180 estimate, and sales of $8.240M, missing the $9.002M estimate. This represents an 11.20% increase in sales compared to the same period last year.

March 05, 2024 | 12:09 pm
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Angel Oak Mortgage REIT reported a significant miss in both adjusted EPS and sales for Q4 2023, with adjusted EPS missing estimates by 244.44% and sales missing by 8.46%.
The significant miss in both adjusted EPS and sales compared to analyst estimates is likely to negatively impact investor sentiment and could lead to a short-term decrease in AOMR's stock price. The miss in earnings by such a large margin (244.44%) is particularly concerning and indicates operational challenges. Additionally, missing sales estimates, even by a smaller margin (8.46%), further compounds the negative outlook. However, the 11.20% year-over-year increase in sales might offer some mitigating context, but it's unlikely to offset the negative impact of the earnings miss in the short term.
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