Arbor Realty Trust (ABR) reports Q3: everything you need to know ahead of earnings

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.

Is Arbor Realty Trust a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

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.

Looking at Arbor Realty Trust’s peers in the thrifts & mortgage finance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ladder Capital delivered year-on-year revenue growth of 107%, beating analysts’ expectations by 53.9%, and WaFd Bank reported revenues up 17.6%, topping estimates by 8.3%. Ladder Capital’s stock price was unchanged after the resultswhile WaFd Bank was down 1%.

Read our full analysis of Ladder Capital’s results here and WaFd Bank’s results here.

There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 2.1% on average over the last month. Arbor Realty Trust is down 25.3% during the same time and is heading into earnings with an average analyst price target of $3.25 (compared to the current share price of $2.97).

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