GGP_NORDIC_UK
Oct 29, 3:21 PM
$ABR
Real estate investment trust Arbor Realty Trust (NYSE:ABR) will be reporting results this Friday morning. Here's what you need to know.
Arbor Realty Trust beat analysts' revenue expectations last quarter, reporting revenues of
$115.9 million, down 11.1% year on year. It was a stunning quarter for the company, with a beat of analysts' EPS estimates and an impressive beat of analysts' net interest income estimates.
This quarter, the market is expecting Arbor Realty Trust's revenue to be flat year on year, improving from the 28.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Arbor Realty Trust has missed Wall Street's revenue estimates multiple times over the last two years.
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