MFA Financial Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 08, 2024

MFA Financial (NYSE:MFA) Third Quarter 2024 Results

Key Financial Results

Net income: US$40.0m (up from US$64.8m loss in 3Q 2023).
EPS: US$0.38 (up from US$0.64 loss in 3Q 2023).

earnings-and-revenue-growth — NYSE:MFA Earnings and Revenue Growth November 8th 2024

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

MFA Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 5.4%.

Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 29%.

Performance of the American Mortgage REITs industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for MFA Financial you should be aware of, and 2 of them are concerning.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.