Earnings Outlook For Lument Finance Trust
Portfolio Pulse from Benzinga Insights
Lument Finance Trust (NYSE:LFT) is scheduled to release its quarterly earnings report on March 15, 2024, with analysts estimating an EPS of $0.11. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, with the share price reacting accordingly. Shares of LFT were trading at $2.28 as of March 13, with a 52-week increase of 17.01%. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 14, 2024 | 3:01 pm
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Lument Finance Trust is expected to report an EPS of $0.11 for the latest quarter. Historical performance shows variable reactions to earnings reports. Shares have risen 17.01% over the past 52 weeks, indicating a positive trend.
Given LFT's history of mixed reactions to earnings reports and the current positive trend in its share price, the upcoming earnings report could potentially lead to a positive short-term impact on the stock price, especially if the company beats the EPS estimate and provides positive future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100