Investors need to pay close attention to AFC Gamma (AFCG) stock based on the movements in the options market lately.
Advanced Flower Capital Inc. (NASDAQ:AFCG ) Q3 2024 Earnings Conference Call November 13, 2024 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Robyn Tannenbaum - President & Chief Investment Officer Daniel Neville - Chief Executive Officer Brandon Hetzel - Chief Financial Officer Conference Call Participants Pablo Zuanic - Zuanic & Associates Operator Good morning, and welcome to Advanced Flower Capital's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
AFC Gamma Inc. (AFCG) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.49 per share a year ago.
AFC Gamma (AFCG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
AFC Gamma's Q2 distributable EPS rose to $0.56, enough to maintain the $0.48 dividend. The spinoff of the distressed CRE portfolio to Sunrise Realty Trust simplifies AFCG's focus on the cannabis industry, but book value and dividend yield are impacted. AFCG's new loan deals and opportunities to fund M&A by operators show potential, but meaningful growth of distributable EPS isn't yet clear for this mREIT.
The consensus price target hints at a 45.2% upside potential for AFC Gamma (AFCG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The average of price targets set by Wall Street analysts indicates a potential upside of 56.7% in AFC Gamma (AFCG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.