New York Mortgage Trust (NYMT) Reports Q4 Loss, Tops Revenue Estimates

New York Mortgage Trust (NYMT - Free Report) announced a quarterly loss of $0.44 per share, which is significantly lower than the Zacks Consensus Estimate that predicted earnings of $0.08. In comparison, the company reported a loss of $0.24 per share during the same period last year. These results have been adjusted for non-recurring items.

This latest quarterly report marks an earnings surprise of -650%. In the previous quarter, analysts had expected NYMT to earn $0.06 per share, but the company exceeded expectations with earnings of $0.39, leading to a positive surprise of 550%.

Throughout the last four quarters, New York Mortgage Trust has surpassed consensus EPS estimates only once.

For the quarter that ended in December 2024, the company reported revenues of $26.71 million, which exceeded the Zacks Consensus Estimate by 17.21%. This is a noticeable improvement compared to last year's revenues of $16.8 million. Notably, NYMT has managed to exceed consensus revenue estimates twice in the past four quarters.

The future direction of the stock price will largely depend on the insights provided by management during the earnings call, especially regarding their outlook for future earnings expectations.

Since the start of the year, shares of New York Mortgage Trust have remained unchanged, while the S&P 500 index recorded a gain of 4.2%.

What’s Next for New York Mortgage Trust?

Despite underperforming against the market this year, investors are left wondering what lies ahead for New York Mortgage Trust stock.

While there are no definitive answers, one way for investors to gauge future performance is by analyzing the company’s earnings outlook. This includes not just the current consensus earnings projections for upcoming quarters but also the changes in those expectations.

Research indicates that stock movements often correlate strongly with earnings estimate revisions. Investors can track these revisions independently or use a reliable rating tool like the Zacks Rank, which has a solid track record of capitalizing on earnings estimate revisions.

Leading up to this earnings release, the trend for estimate revisions was mixed for New York Mortgage Trust. While the specifics may change based on the company’s latest report, the current standing translates into a Zacks Rank #3 (Hold) for the stock. This indicates that the shares are expected to perform in line with the broader market.

It will be interesting to observe how estimates for upcoming quarters and the current fiscal year evolve in the coming days. The current consensus EPS estimate stands at $0.09 with projected revenues of $23.28 million for the next quarter, and an annual projection of $0.51 on revenues of $97.74 million for the fiscal year.

Investors should also consider that the industry outlook can significantly influence stock performance. Currently, within the Zacks Industry Rank, the REIT and Equity Trust sector is positioned in the top 50% of over 250 industries. Historical data shows that the top 50% of Zacks-ranked industries outperform those in the bottom 50% at a rate of more than 2 to 1.

Another noteworthy industry stock, ACRES Commercial (ACR - Free Report), has yet to report its results for the quarter that ended in December 2024. This commercial real estate investment trust is anticipated to report quarterly earnings of $0.22 per share, reflecting a year-over-year decline of 60%. The consensus EPS estimate for ACRES has remained stable over the past month, while revenues are projected to drop 23.7% from last year to $10.2 million.

NewYorkMortgageTrust, Earnings, Revenue