Real estate investment trust Arbor Realty Trust (NYSE: ABR) will be reporting results this Friday before market open. Here’s what to expect.
Arbor Realty Trust beat analysts’ revenue expectations last quarter, reporting revenues of $117.4 million, down 12.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ net interest income estimates but a significant miss of analysts’ EPS estimates.
Is Arbor Realty Trust a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Arbor Realty Trust’s revenue to decline 17% year on year, a further deceleration from the 14.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Arbor Realty Trust has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Arbor Realty Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Northwest Bancshares delivered year-on-year revenue growth of 20.2%, beating analysts’ expectations by 1%, and Ladder Capital reported revenues up 2.4%, topping estimates by 3.3%. Northwest Bancshares traded up 3.2% following the results while Ladder Capital’s stock price was unchanged.
Read our full analysis of Northwest Bancshares’s results here and Ladder Capital’s results here.
Investors in the thrifts & mortgage finance segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Arbor Realty Trust is down 5.9% during the same time and is heading into earnings with an average analyst price target of $6.25 (compared to the current share price of $5.10).
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