Lument Finance (LFT) got here out with quarterly earnings of $0.10 per share, in step with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this actual property funding belief would put up earnings of $0.11 per share when it really produced earnings of $0.09, delivering a shock of -18.18%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Lument
The sustainability of the inventory’s instant worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Lument shares have added about 5.2% because the starting of the 12 months versus the S&P 500’s achieve of 25.8%.
What’s Subsequent for Lument?
Whereas Lument has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Lument: blended. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.09 on $8.72 million in revenues for the approaching quarter and $0.42 on $40.23 million in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Monetary – Miscellaneous Providers is presently within the prime 27% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Oaktree Specialty Lending (OCSL), one other inventory in the identical business, has but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 19.
This specialty finance firm is anticipated to put up quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of -9.7%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Oaktree Specialty Lending’s revenues are anticipated to be $98.09 million, down 3.8% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
