Real estate investment trust Arbor Realty Trust (NYSE:ABR) will be reporting earnings this Friday before the bell. Here’s what to look for.
Arbor Realty Trust missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $134.2 million, down 16.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Arbor Realty Trust a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Arbor Realty Trust’s revenue to decline 11.5% year on year to $135.6 million, in line with the 11.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Arbor Realty Trust has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Arbor Realty Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Financial Services’s revenues decreased 7.1% year on year, missing analysts’ expectations by 19.8%, and Northwest Bancshares reported revenues up 53.5%, topping estimates by 1.6%. PennyMac Financial Services traded down 7.5% following the results while Northwest Bancshares was also down 2.8%.
Read our full analysis of PennyMac Financial Services’s results here and Northwest Bancshares’s results here.
Investors in the thrifts & mortgage finance segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. Arbor Realty Trust is up 5.1% during the same time and is heading into earnings with an average analyst price target of $11.63 (compared to the current share price of $11.44).
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