Arbor Realty Trust (ABR) Q4 Earnings: What To Expect
Real estate investment trust Arbor Realty Trust (NYSE:ABR) will be reporting results this Friday before the bell. Here’s what to look for.
Arbor Realty Trust missed analysts’ revenue expectations last quarter, reporting revenues of $112.4 million, down 28.2% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ revenue estimates.
This quarter, the market is expecting Arbor Realty Trust’s revenue to decline 20.3% year on year, in line with the 19.7% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Arbor Realty Trust has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Arbor Realty Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Flagstar Financial’s revenues decreased 3% year on year, beating analysts’ expectations by 3.2%, and Columbia Financial reported revenues up 236%, topping estimates by 12.7%. Flagstar Financial’s stock price was unchanged after the resultswhile Columbia Financial was up 7.5%.
Investors in the thrifts & mortgage finance segment have had steady hands going into earnings, with share prices flat over the last month. Arbor Realty Trust is down 7.4% during the same time and is heading into earnings with an average analyst price target of $8.88 (compared to the current share price of $7.20).
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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