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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100