MFA Finl Q1 EPS $0.35 Misses $0.39 Estimate, Sales $47.81M Miss $54.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
MFA Financial (MFA) reported Q1 earnings of $0.35 per share, missing the consensus estimate of $0.39, and sales of $47.81M, below the estimate of $54.56M. Despite the miss, earnings and sales increased from the same period last year.
May 06, 2024 | 12:32 pm
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NEGATIVE IMPACT
MFA Financial reported lower-than-expected Q1 earnings and sales, missing consensus estimates but showed an increase from the previous year.
Missing earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year growth in both earnings and sales might mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100