New York Mortgage Trust Q2 2024 GAAP EPS $(0.29) Misses $0.01 Estimate, Sales $19.044M Miss $23.479M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Mortgage Trust (NASDAQ:NYMT) reported Q2 2024 GAAP EPS of $(0.29), missing the analyst estimate of $0.01 by a significant margin. The company also reported sales of $19.044 million, which fell short of the $23.479 million estimate but marked a 25.82% increase from the same period last year.
July 31, 2024 | 9:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
New York Mortgage Trust reported a significant miss on both EPS and sales estimates for Q2 2024. The EPS of $(0.29) missed the $0.01 estimate by a large margin, and sales of $19.044 million missed the $23.479 million estimate. Despite the miss, sales increased by 25.82% year-over-year.
The significant miss on both EPS and sales estimates is likely to negatively impact NYMT's stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100