Arbor Realty Trust (ABR - Free Report) reported $321.29 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2%. EPS of $0.47 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of +3.83% over the Zacks Consensus Estimate of $309.44 million. With the consensus EPS estimate being $0.44, the EPS surprise was +6.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $321.29 million versus $310.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
- Other revenue- Gain on sales, including fee-based services, net: $16.67 million versus the four-analyst average estimate of $13.61 million. The reported number represents a year-over-year change of +14.2%.
- Other revenue- Property operating income: $1.57 million versus the four-analyst average estimate of $1.48 million.
- Other revenue- Servicing revenue, net: $31.53 million compared to the $34.21 million average estimate based on four analysts. The reported number represents a change of +6.6% year over year.
- Other revenue- Mortgage servicing rights: $10.20 million versus $12.49 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -44.7% change.
- Other revenue- Other income: $2.33 million compared to the $1.54 million average estimate based on two analysts.
- Net Earnings Per Share (Diluted): $0.31 versus $0.37 estimated by four analysts on average.
View all Key Company Metrics for Arbor Realty Trust here>>>Shares of Arbor Realty Trust have returned +1.5% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Arbor Realty Trust (ABR - Free Report) reported $321.29 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2%. EPS of $0.47 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of +3.83% over the Zacks Consensus Estimate of $309.44 million. With the consensus EPS estimate being $0.44, the EPS surprise was +6.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $321.29 million versus $310.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2% change.
- Other revenue- Gain on sales, including fee-based services, net: $16.67 million versus the four-analyst average estimate of $13.61 million. The reported number represents a year-over-year change of +14.2%.
- Other revenue- Property operating income: $1.57 million versus the four-analyst average estimate of $1.48 million.
- Other revenue- Servicing revenue, net: $31.53 million compared to the $34.21 million average estimate based on four analysts. The reported number represents a change of +6.6% year over year.
- Other revenue- Mortgage servicing rights: $10.20 million versus $12.49 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -44.7% change.
- Other revenue- Other income: $2.33 million compared to the $1.54 million average estimate based on two analysts.
- Net Earnings Per Share (Diluted): $0.31 versus $0.37 estimated by four analysts on average.
View all Key Company Metrics for Arbor Realty Trust here>>>Shares of Arbor Realty Trust have returned +1.5% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
Get the latest research report on ABR - FREE