Angel Oak Mortgage REIT (NYSE:AOMR) is gearing up to unveil its latest quarterly earnings report on March 5, 2024. Analysts are predicting an EPS of $0.18 for the company, and investors are eager to see if Angel Oak Mortgage REIT can not only meet but exceed this forecast while also offering a positive outlook for future growth.
Looking back at the company’s recent performance, in the previous quarter, Angel Oak Mortgage REIT missed expectations with an EPS of -0.35, causing a modest 0.22% uptick in share price the following day. Here’s a snapshot of the company’s historical earnings and the resulting price changes:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022
EPS Estimate | 0.13 | 0.12 | 0.20 | 0.31
EPS Actual | -0.35 | -0.16 | -0.37 | -2.50
Price Change % | 0.0% | 2.0% | 3.0% | 2.0%
As of March 1, Angel Oak Mortgage REIT’s shares were trading at $10.46, marking a 35.03% increase over the past year. This positive trend indicates that long-term investors may be feeling optimistic about the company’s prospects leading up to the earnings announcement.
For more in-depth information on Angel Oak Mortgage REIT’s financial performance and upcoming earnings releases, you can visit their official website and check out their earnings calendar.
Stay tuned for the latest updates on Angel Oak Mortgage REIT’s earnings report on March 5, 2024.
AOMR Stock Price Declines Slightly on March 4, 2024: Analysis and Overview
On March 4, 2024, AOMR stock experienced a slight decline in its price performance. The stock opened at $10.46, which was consistent with its previous close. Throughout the trading day, the price of AOMR shares dropped by $0.22, representing a 2.06% decrease from the previous close. Despite this decrease, AOMR is still trading in the middle of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been relatively stable in terms of its price momentum and is still considered to be in a positive position in the market. Investors should always conduct thorough research and analysis before making any investment decisions. Overall, while AOMR experienced a slight decline in its stock price on March 4, 2024, it is still considered to be in a relatively stable position in the market. Investors should continue to monitor the stock’s performance and stay informed about any potential developments that may impact its price in the future.
AOMR Stock Performance Analysis: Significant Increases in Revenue and Net Income, Mixed Bag for Investors
On March 4, 2024, AOMR stock experienced mixed performances based on the financial data provided by CNN Money. The company’s total revenue for the past year was reported at $106.83 million, showing a significant increase of 92.03% compared to the previous year. However, the total revenue for the third quarter was $11.86 million, indicating a decrease of 39.49% since the previous quarter.
Similarly, AOMR’s net income for the past year was -$187.83 million, reflecting a decrease of 989.66% compared to the previous year. On the other hand, the net income for the third quarter was $8.27 million, showing an increase of 324.32% since the previous quarter.
The earnings per share (EPS) for AOMR were reported at -$7.65 for the past year, representing a decrease of 1015.02% compared to the previous year. However, the EPS for the third quarter was $0.33, indicating an increase of 317.66% since the previous quarter.
Overall, AOMR stock performances on March 4, 2024, were a mixed bag with significant increases in total revenue and net income compared to the previous quarter, but substantial decreases in these metrics when compared to the previous year. Investors will need to closely monitor the company’s financial performance and market trends to make informed decisions about their investments in AOMR stock.
