New York Mortgage Trust (Nasdaq: NYMT) Q3 2022 results
Key financial results
- Net loss: USD 125.8 million (down 441% from profit of USD 36.9 million in Q3 2021).
- Loss of US$0.33 per share, down from earnings of US$0.097 in Q3 2021.
All numbers shown in the chart above are for the last 12 months (TTM) period.
New York mortgage trust earnings and profits disappoint
Earnings fell 47% below analyst estimates. Earnings per share (EPS) was also significantly below analyst expectations.
Revenues over the next three years are projected to grow at a CAGR of 29% compared to the US mortgage REIT industry growth forecast of 14%.
The company’s stock is down 2.9% from a week ago.
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