New York Mortgage Trust Third Quarter 2022 Earnings: Below Expectations

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.
NasdaqGS: NYMT Earnings and Earnings Growth Nov 5, 2022

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%.

performance of American mortgage REIT industry.

The company’s stock is down 2.9% from a week ago.

risk analysis

we should say that we have found Two warning signs for New York Mortgage Trust Things to know before investing here.

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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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