AFC Gamma Inc. Q2 Earnings and Revenues Surpass Estimates
AFC Gamma Inc. (NASDAQ: AFCG) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this company would post earnings of $0.50 per share when it actually produced earnings of $0.49, delivering a surprise of -2%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
AFC Gamma, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $19.96 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 21.10%. This compares to year-ago revenues of $17.68 million. The company has topped consensus revenue estimates just once 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.
AFC Gamma shares have lost about …
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