【pat metheny on kenny g】Great Ajax (AJX) Misses Q4 Earnings and Revenue Estimates
Great Ajax (AJX) came out with quarterly earnings of $0.31 per share,pat metheny on kenny g missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -24.39%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.40 per share when it actually produced earnings of $0.36, delivering a surprise of -10%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Great Ajax, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $13.72 million for the quarter ended December 2019, missing the Zacks Consensus Estimate by 11.54%. This compares to year-ago revenues of $13.89 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Great Ajax shares have lost about 1.8% since the beginning of the year versus the S&P 500's decline of -4.4%.
What's Next for Great Ajax?
While Great Ajax has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Great Ajax was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.40 on $15.60 million in revenues for the coming quarter and $1.71 on $65.47 million in revenues for the current fiscal year.
Story continues
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Great Ajax Corp. (AJX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
相关文章:
- Live Oak Acquisition Corp. II Announces Pricing of Upsized $220,000,000 Initial Public Offering
- Here's What World Precision Machinery Limited's (SGX:B49) P/E Is Telling Us
- StockBeat: No Hiding Place (Except Tesco)
- Merck (MRK) Stock Moves -0.81%: What You Should Know
- Microsoft (MSFT) Is a Bargain Stock You Can Buy Today
- Why looting, protests and COVID-19 haven't pounded the stock market
- Is housing a better investment than education?
- Skeljungur hf.: Changes to terms in market making agreements
- Equitrans Midstream Corporation (ETRN) Stock Moves -1.99%: What You Should Know
- 'Unsustainable': Mexico's Pemex buckling under crushing pension debt
相关推荐:
- U.S. Stocks Set To Open Higher On Final Day Ahead Of U.S. Presidential Election
- Microsoft Is in Talks to Buy TikTok in U.S.
- Calculating The Intrinsic Value Of FFI Holdings Limited (ASX:FFI)
- Is Burlington Stores (BURL) a Solid Growth Stock? 3 Reasons to Think Yes
- Inspire Medical Systems, Inc. to Host Earnings Call
- United Kingdom Cardiac Rhythm Management Devices Market Outlook to 2025 - Cardiac Resynchronisation Therapy (CRT), Implantable Cardioverter Defibrillators (ICD), Implantable Loop Recorders (ILR) and Pacemakers
- CMA CGM Donates 200,000 Face Masks
- ESTA Announces Participation in the Goldman Sachs Global Healthcare Conference
- One Metric To Rule Them All: Ground Rents Income Fund PLC (LON:GRIO)
- The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Liberty Oilfield Services Inc. (LBRT)
- This Broker Just Slashed Their Freelance.com SA (EPA:ALFRE) Earnings Forecasts
- Iran watchdog passes law on hardening nuclear stance, halting UN inspections
- The Global Gelatin Market is expected to grow by 248.81 thousand MT during 2020-2024 progressing at a CAGR of 8% during the forecast period
- SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
- Fed virus-driven cut may test new approach to inflation
- FITB ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 8, 2020 in the Class Action Filed on Behalf of Fifth Third Bancorp Limited Shareholders
- ROYAL DUTCH SHELL PLC THIRD QUARTER 2020 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS
- Bitcoin falls below 8,000 ahead of what is expected to be a rough day for U.S. stocks
- Business owners contend with threat, reality of coronavirus
- How to shop safe during a holiday season like no other