New York Mortgage Trust Q1 2024 GAAP EPS $(0.75) Misses $0.10 Estimate, Sales $17.863M Miss $24.285M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Mortgage Trust (NYMT) reported a significant Q1 2024 loss of $(0.75) per share, missing the $0.10 EPS estimate by 850%. Year-over-year, this represents a 781.82% decrease from a $0.11 EPS. Quarterly sales were $17.863M, falling short of the $24.285M estimate by 26.44%, but slightly up 0.35% from the previous year.

May 01, 2024 | 10:17 pm
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New York Mortgage Trust reported a significant Q1 2024 loss, missing EPS and sales estimates by wide margins, indicating a substantial year-over-year decline.
The substantial miss in both EPS and sales estimates for NYMT, coupled with a significant year-over-year decline in earnings, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could concern investors.
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IMPORTANCE 90
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