Arbor Realty Trust Q4 EPS Misses Estimates by Over 60%, Reports $0.07
ABR is trading near its 52-week low of $7.11 (2.4% above the low).
Summary
Arbor Realty Trust reported fourth-quarter earnings per share of $0.07, significantly missing the IBES estimate of $0.19. This represents a miss of over 60% compared to analyst expectations. The company also reported Q4 revenue of $1,539.801 million, net income of $26.121 million, and net interest income of $55.739 million. This substantial earnings miss is new, material information that is likely to exert significant negative pressure on the stock, especially as it is currently trading near its 52-week low. Traders will be closely watching for management's explanation for the miss and any updated guidance.
At the time of this announcement, ABR was trading at $7.28 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $7.11 to $12.73. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.