New York Mortgage Trust Q3 2024 GAAP EPS $0.36 Beats $0.01 Estimate, Sales $20.237M Miss $21.462M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Mortgage Trust (NASDAQ:NYMT) reported Q3 2024 earnings per share of $0.36, significantly surpassing the analyst estimate of $0.01. However, their sales of $20.237 million fell short of the expected $21.462 million, despite a 20.54% increase from the previous year.
October 30, 2024 | 8:30 pm
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New York Mortgage Trust's Q3 2024 earnings per share of $0.36 exceeded expectations by a large margin, but sales of $20.237 million missed estimates. Sales increased by 20.54% year-over-year.
The significant beat on EPS suggests strong profitability, which is positive for the stock. However, the sales miss could temper enthusiasm. The year-over-year sales growth is a positive indicator.
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