Lument (LFT) Moves to Buy: Rationale Behind the Upgrade
Lument (LFT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Lument Finance Trust, Inc. (LFT) Q3 2024 Earnings Call Transcript
Lument Finance Trust, Inc. (LFT) Q3 2024 Earnings Call Transcript
Here's What Key Metrics Tell Us About Lument (LFT) Q3 Earnings
While the top- and bottom-line numbers for Lument (LFT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lument Finance (LFT) Q3 Earnings Match Estimates
Lument Finance (LFT) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago.
Lument Finance Trust: Loan Book Will Potentially Continue Shrinking, It Is Fairly Valued
Lument Finance Trust's 2Q24 results showed a shrinking loan book and some loans entering non-accrual status. Still, maturity risk remains muted. The company's valuation and rating remained at two holds in the latest analysis. The 2021 CLO finished its reinvestment period, impacting Lument's loan portfolio in the second quarter and in the quarters ahead.
Lument Finance Trust, Inc. (LFT) Q2 2024 Earnings Call Transcript
Lument Finance Trust, Inc. (NYSE:LFT ) Q2 2024 Results Conference Call August 13, 2024 1:00 PM ET Company Participants Andrew Tsang - Senior Director of Corporate Development Jim Flynn - CEO Jim Briggs - CFO Jim Henson - President Zachary Halpern - Managing Director of Portfolio Management Conference Call Participants Crispin Love - Piper Sandler Matthew Erdner - JonesTrading Steve Delaney - Citizens JMP Stephen Laws - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Good afternoon. And thank you for joining the Lument Finance Trust Second Quarter 2024 Earnings Call.
Lument Finance (LFT) Misses Q2 Earnings and Revenue Estimates
Lument Finance (LFT) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.04 per share a year ago.
