Angel Oak Mortgage REIT Q1 2024 Adj EPS $0.11 Misses $0.19 Estimate, Sales $8.579M Miss $9.413M Estimate
Portfolio Pulse from Benzinga Newsdesk
Angel Oak Mortgage REIT (AOMR) reported Q1 2024 adjusted EPS of $0.11, missing the $0.19 estimate, and sales of $8.579M, below the $9.413M estimate. Despite the miss, this represents a significant improvement over the previous year, with a 129.73% increase in EPS from a loss of $(0.37) and a 26.18% increase in sales from $6.799M.
May 07, 2024 | 11:09 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Angel Oak Mortgage REIT's Q1 2024 earnings and sales missed estimates but showed significant improvement over the previous year.
Although AOMR missed the analyst estimates for both earnings per share and sales, the significant year-over-year growth in both metrics suggests a strong underlying improvement in the company's performance. This mixed result—missing estimates but showing strong growth—may lead to a neutral short-term impact on the stock price as investors weigh the positive growth against the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100