Workflow
Here's What Key Metrics Tell Us About Lument (LFT) Q3 Earnings
LFTLument Finance Trust(LFT) ZACKS·2024-11-13 02:30

Core Insights - Lument Finance (LFT) reported revenue of 9.49millionforthequarterendedSeptember2024,adecreaseof0.69.49 million for the quarter ended September 2024, a decrease of 0.6% year-over-year, with EPS at 0.10 compared to 0.11inthesamequarterlastyear[1]−ThereportedrevenueexceededtheZacksConsensusEstimateof0.11 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of 9.06 million by 4.74%, while the EPS met the consensus estimate [1] Financial Performance Metrics - Servicing income, net was 0.06million,surpassingtheaverageestimateof0.06 million, surpassing the average estimate of 0.05 million from two analysts [3] - Net interest income was reported at 9.48million,belowtheaverageestimateof9.48 million, below the average estimate of 9.81 million from two analysts [3] - Total Other income (loss) was -0.30million,significantlylowerthantheaverageestimateof0.30 million, significantly lower than the average estimate of 0.05 million from two analysts [3] Stock Performance - Lument's shares have returned -1.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of +3.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]