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).
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%.
The company’s stock is up 1.4% from a week ago.
Remember, there are still risks. for example, One Warning Sign for Federal Farm Mortgages What you should know.
Do you have feedback on this article? What interests you? contact directly with us. Or send an email to our editorial team (at) Simplywallst.com.
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 …
Participate in Paid User Research Sessions
you $30 USD Amazon Gift Card An hour of your time while helping build better investment tools for individual investors like you. SIGN UP HERE