Brace yourselves for the unveiling of Angel Oak Mortgage REIT's (NYSE: AOMR) third quarter financial results on Wednesday 6th November 2024. This eagerly awaited announcement will take place before market open.
As per the projections made by financial experts on Wall Street, the enterprise is expected to announce an estimated $0.25 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $9.64 million.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share loss of $0.35. This numbers can be credited to the company's total revenue, which amounted to an impressive $7.41 million during the same quarter.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $38.87 million. At the same time, the earnings per share for the company are also anticipated to reach profit of $0.73 during the fiscal year.
Additionally, The company will host a conference call with investors and analysts on 6th November 2024 at 08:30 AM eastern time to review the Q3 2024 financial results.
Friday's trading saw Angel Oak Mortgage REIT (AOMR) shares hit a low of $8.90 and a high of $9.07, with a day volume of 142.60 thousand shares. The stock closed the regular trading session at $8.96, showing 0.67 percent drop.
