ARMOUR Residential REIT, Inc. reports results for the quarter ended September 30 - Earnings Summary

• ARMOUR Residential REIT, Inc. ARR.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of six analysts for the quarter was for earnings of 71 cents per share. Wall Street expected results to range from 68 cents to 73 cents per share.

• Revenue rose 117.4% to $83.70 million from a year ago; analysts expected $95.41 million.

• ARMOUR Residential REIT, Inc.'s reported EPS for the quarter was a loss of $2.26​.

• The company reported a quarterly loss of $327 million.

• ARMOUR Residential REIT, Inc. shares had fallen by 8.3% this quarter and lost 28.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for ARMOUR Residential REIT, Inc. is $18.25, about 29.8% above its last closing price of $12.81

This summary was machine generated from LSEG data October 21 at 09:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)