Angel Oak Mortgage (AOMR) Reports Q2 Loss, Tops Revenue Estimates

Company Performance - Angel Oak Mortgage (AOMR) reported a quarterly loss of $0.09 per share, compared to the Zacks Consensus Estimate of $0.13, and a loss of $0.16 per share a year ago, indicating an earnings surprise of -169.23% [1] - The company posted revenues of $25.9 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.58%, and showing an increase from year-ago revenues of $23.76 million [1] - Over the last four quarters, Angel Oak has not surpassed consensus EPS estimates, and it has topped consensus revenue estimates only once [1] Stock Performance - Angel Oak shares have increased by approximately 16.4% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [2] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $27.6 million, and for the current fiscal year, it is $0.69 on revenues of $107.9 million [4] Industry Outlook - The Financial - Mortgage & Related Services industry, to which Angel Oak belongs, is currently in the top 44% of over 250 Zacks industries, indicating a favorable outlook [5] - Another company in the same industry, Walker & Dunlop, is expected to report quarterly earnings of $1.16 per share, reflecting a year-over-year change of +18.4%, with revenues anticipated to be $274.7 million, up 0.8% from the year-ago quarter [5][6]