MFA Financial Full Year 2024 Earnings: Misses Expectations
Revenue: US$290.1m (up 24% from FY 2023).
Net income: US$119.3m (up 152% from FY 2023).
Profit margin: 41% (up from 20% in FY 2023). The increase in margin was primarily driven by higher revenue.
EPS: US$0.83 (up from US$0.46 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Mortgage REITs industry in the US.
Performance of the American Mortgage REITs industry.
The company's shares are down 2.2% from a week ago.
Before we wrap up, we've discovered 2 warning signs for MFA Financial (1 is a bit unpleasant!) that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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