New York Mortgage Trust: Q1 Earnings Insights

New York Mortgage Trust NYMT reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

New York Mortgage Trust beat estimated earnings by 450.0%, reporting an EPS of $0.11 versus an estimate of $0.02.

Revenue was down $12.08 million from the same period last year.

Last quarter the company missed on EPS by $0.52 which was followed by a 4.21% drop in the share price the next day.

Here's a look at New York Mortgage Trust's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0	-0.08	0.04	0.28
EPS Actual	-0.52	-1.32	-0.88	-0.88
Revenue Estimate	20.75M	29.23M	30.59M	36.55M
Revenue Actual	22.30M	14.22M	26.13M	29.88M

To track all earnings releases for New York Mortgage Trust visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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