Lument Finance Trust First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St · 05/13 10:45

Lument Finance Trust (NYSE:LFT) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$11.3m (up 33% from 1Q 2023).
  • Net income: US$5.80m (up 27% from 1Q 2023).
  • Profit margin: 52% (down from 54% in 1Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$0.11 (up from US$0.088 in 1Q 2023).
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NYSE:LFT Earnings and Revenue Growth May 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lument Finance Trust Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Lument Finance Trust has 2 warning signs (and 1 which is potentially serious) we think you should know about.