Federal Farm Mortgage Third Quarter 2022 Earnings: Better Than Expected

Federal Farm Mortgage (New York Stock Exchange: AGM) Q3 2022 results

Key financial results

  • Revenue: USD 70.8 million (up 16% from Q3 2021).

  • Net profit: USD 34.6 million (up 21% from Q3 2021).

  • Margin: 49% (up from 47% in Q3 2021). The increase in margin is due to the increase in revenue.

  • EPS: USD 3.21 (up from USD 2.65 in Q3 2021).

Earnings and earnings history

All numbers shown in the chart above are for the last 12 months (TTM) period.

Federal Farm Mortgage Income and Profits Beat Expectations

Earnings exceeded analyst estimates by 6.5%. Earnings per share (EPS) also exceeded analyst expectations by 9.7%.

Revenues are expected to decline by an average of 1.8% annually over the next two years, while US mortgage industry revenues are expected to increase by 6.7%.

performance of American mortgage industry.

The company’s stock is up 1.4% from a week ago.

risk analysis

Remember, there are still risks. for example, One Warning Sign for Federal Farm Mortgages What you should know.

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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …

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