Arbor Realty Trust (ABR - Free Report) reported $336.47 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 29.5%. EPS of $0.55 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of +2.62% over the Zacks Consensus Estimate of $327.89 million. With the consensus EPS estimate being $0.48, the EPS surprise was +14.58%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Arbor Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Interest income: $336.47 million versus $327.99 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +29.5% change.
- Other revenue- Gain on sales, including fee-based services, net: $18.62 million versus the four-analyst average estimate of $15.35 million. The reported number represents a year-over-year change of +29.7%.
- Other revenue- Mortgage servicing rights: $14.11 million versus the four-analyst average estimate of $14.10 million. The reported number represents a year-over-year change of -27.3%.
- Other revenue- Servicing revenue, net: $35.46 million versus $33.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +55.9% change.
- Other revenue- Property operating income: $1.45 million compared to the $1.73 million average estimate based on two analysts.
- Net Earnings Per Share (Diluted): $0.41 compared to the $0.36 average estimate based on four analysts.
View all Key Company Metrics for Arbor Realty Trust here>>>Shares of Arbor Realty Trust have returned -17% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Arbor Realty Trust (ABR - Free Report) reported $336.47 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 29.5%. EPS of $0.55 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of +2.62% over the Zacks Consensus Estimate of $327.89 million. With the consensus EPS estimate being $0.48, the EPS surprise was +14.58%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Arbor Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Interest income: $336.47 million versus $327.99 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +29.5% change.
- Other revenue- Gain on sales, including fee-based services, net: $18.62 million versus the four-analyst average estimate of $15.35 million. The reported number represents a year-over-year change of +29.7%.
- Other revenue- Mortgage servicing rights: $14.11 million versus the four-analyst average estimate of $14.10 million. The reported number represents a year-over-year change of -27.3%.
- Other revenue- Servicing revenue, net: $35.46 million versus $33.21 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +55.9% change.
- Other revenue- Property operating income: $1.45 million compared to the $1.73 million average estimate based on two analysts.
- Net Earnings Per Share (Diluted): $0.41 compared to the $0.36 average estimate based on four analysts.
View all Key Company Metrics for Arbor Realty Trust here>>>Shares of Arbor Realty Trust have returned -17% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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