Recap: Lument Finance Trust Q4 Earnings
Portfolio Pulse from Benzinga Insights
Lument Finance Trust (NYSE:LFT) reported Q4 earnings with an EPS of $0.1, missing estimates by -9.0% against an expected $0.11. Revenue increased by $2.21 million from the previous year. Despite beating EPS estimates in Q3 2023, which led to a 2.0% share price increase the next day, this quarter's miss could impact investor sentiment.
March 15, 2024 | 8:55 pm
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NEGATIVE IMPACT
Lument Finance Trust reported a -9.0% miss in Q4 earnings with an EPS of $0.1 against an estimate of $0.11, and a revenue increase of $2.21 million from the previous year.
Historically, LFT's stock price increased by 2.0% following a positive earnings surprise in Q3 2023. Given the miss in Q4 earnings, it's likely that investor sentiment may turn negative, potentially leading to a short-term decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100