MFA Financial (MFA) Q3 Earnings and Revenues Lag Estimates

Core Viewpoint - MFA Financial reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of$ 0.41 per share, and showing a decrease from $0.40 per share a year ago, indicating an earnings surprise of -12.20% [1][2] Financial Performance - The company posted revenues of$ 50.63 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.25%, compared to $46.14 million in the same quarter last year [2] - Over the last four quarters, MFA Financial has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - MFA Financial shares have increased approximately 9.3% since the beginning of the year, while the S&P 500 has gained 21.2% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.40 on revenues of $55.4 million, and for the current fiscal year, it is$ 1.60 on revenues of $211 million [7] Industry Outlook - The REIT and Equity Trust industry, to which MFA Financial belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can materially affect stock performance [5][8]