Yahoo Finance New York Mortgage Trust Third Quarter 2022 Earnings: Misses Expectations
New York Mortgage Trust (NASDAQ:NYMT) Third Quarter 2022 Results
Key Financial Results
Net loss: US$125.8m (down by 441% from US$36.9m profit in 3Q 2021).
US$0.33 loss per share (down from US$0.097 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
New York Mortgage Trust Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 47%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Mortgage REITs industry in the US.
Performance of the American Mortgage REITs industry.
The company's shares are down 1.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for New York Mortgage Trust that you should be aware of.
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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.
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