Real estate investment trust Arbor Realty Trust (NYSE: ABR) will be announcing earnings results this Friday before market hours. Here’s what to expect.
Arbor Realty Trust beat analysts’ revenue expectations last quarter, reporting revenues of $133.4 million, down 12.1% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue 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 15.5% year on year, improving from the 16.5% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 Q1 results, giving us a hint as to what we can expect. WaFd Bank delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 4%, and Northwest Bancshares reported revenues up 12.1%, topping estimates by 0.8%. WaFd Bank traded up 8.4% following the results while Northwest Bancshares was also up 5%.
Read our full analysis of WaFd Bank’s results here and Northwest Bancshares’s results here.
There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 5.3% on average over the last month. Arbor Realty Trust is up 12.4% during the same time and is heading into earnings with an average analyst price target of $8.50 (compared to the current share price of $8.26).
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