New York Mortgage Trust Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

New York Mortgage Trust (NASDAQ:NYMT) Third Quarter 2024 Results

Key Financial Results

• Net income: US$32.4m (up from US$94.8m loss in 3Q 2023).
• EPS: US$0.36 (up from US$1.04 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New York Mortgage Trust EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates significantly.

Looking ahead, revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 30%.

Performance of the American Mortgage REITs industry.

The company's shares are up 10% from a week ago.

Risk Analysis

Be aware that New York Mortgage Trust is showing 1 warning sign in our investment analysis that you should know about...

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