Angel Oak Mortgage REIT Q2 2024 Adj. EPS $(0.09) Misses $0.23 Estimate, Sales $9.463M Miss $9.591M Estimate
Portfolio Pulse from Benzinga Newsdesk
Angel Oak Mortgage REIT (NYSE:AOMR) reported Q2 2024 adjusted EPS of $(0.09), missing the $0.23 estimate by 139.13%. Sales were $9.463M, missing the $9.591M estimate by 1.34%. Despite the misses, EPS improved by 43.75% and sales increased by 46.67% year-over-year.
August 06, 2024 | 11:13 am
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NEGATIVE IMPACT
Angel Oak Mortgage REIT reported Q2 2024 adjusted EPS of $(0.09), significantly missing the $0.23 estimate. Sales also missed estimates slightly. Despite the misses, EPS and sales showed year-over-year improvement.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact the stock price in the short term. However, the year-over-year improvements in EPS and sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100