* Great Ajax Corp reported a quarterly adjusted loss of 32 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -51 cents. The mean expectation of two analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -30 cents to -1 cents per share.
* Revenue rose 271.1% to $-8.96 million from a year ago; analysts expected $4.98 million.
* Great Ajax Corp's reported EPS for the quarter was a loss of 32 cents.
* The company reported a quarterly loss of $12.74 million.
* Great Ajax Corp shares had risen by 7.8% this quarter and lost 27.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1,450% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialized reits peer group is "hold."
Wall Street's median 12-month price target for Great Ajax Corp is $6.00 This summary was machine generated from LSEG data July 24 at 01:51 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 -0.15 -0.32 Missed
Mar. 31 2024 0.02 -2.41 Missed
Dec. 31 2023 0.21 -0.86 Missed
Sep. 30 2023 0.03 -0.25 Missed
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.