Short sellers are market bears that seek to profit from falling stock prices. Some of the more popular short sellers will put out their research reports attempting to expose a target company by implying misconduct or fraud in order to trigger investors to sell their positions. The selling action is supposed to beget more selling as the price falls, enabling the short seller to cover their short position for a profit. However, things don’t always go as planned. The short seller can also encourage more short ...

Needham analyst Kyle Peterson initiated coverage on Axos Financial, Inc. AX with a Buy rating and a price target of $82.00.The analyst writes that, unlike traditional banks, the company avoids a broad branch strategy, enhancing profitability and efficiency while expanding its total addressable market.Importantly, Axos Financial holds a full banking license, which offers stickier and cheaper funding for loans compared to warehouse lines and enables in-house banking products, adds the analyst.The analyst says ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Axos Financial (AX) , which belongs to the Zacks Financial - Miscellaneous Services industry.This bank holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.23%.For the last reported quarter, Axos Financial came out with earnings of $1.83 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37709 __________________________________________________________________________________________ AXOS FIN ...

Guido Mieth Investment Thesis Axos Financial (NYSE:AX) stood out as a major outperformer compared to the industry with double-digit earnings and book value growth for the fiscal fourth quarter of 2024. I am surprised by the balance of strong profitability with a balanced risk profile that Axos has, leading me to believe the shares deserve some premium valuation to the sector median. Given that the stock trades at a discount at 8.7x forward earnings, I believe there is more room for upside and rate shares as ...

For the quarter ended June 2024, Axos Financial (AX) reported revenue of $290.92 million, up 23% over the same period last year. EPS came in at $1.83, compared to $1.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $296.02 million, representing a surprise of -1.72%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $1.80.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Axos Financial, Inc. (NYSE:AX) Q4 2024 Results Conference Call July 30, 2024 5:00 PM ET Company Participants Johnny Lai - Senior VP, Corporate Development and IR Greg Garrabrants - President and CEO Derrick Walsh - EVP and CFO Conference Call Participants David Feaster - Raymond James Gary Tenner - D. A. Davidson Andrew Liesch - Piper Sandler Kelly Motta - KBW Edward Hemmelgarn - Shaker Investments Operator Hello, and welcome to the Axos Financial, Inc. Fourth Quarter 2024 Earnings Call and Webcast [Operato ...

Axos Financial (AX) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.67%. A quarter ago, it was expected that this bank holding company would post earnings of $1.72 per share when it actually produced earnings of $1.94, delivering a surprise of 12.79%.Over the last four quarters, the ...

Axos Q4 Fiscal 2024 Earnings Supplement July 30, 2024 NYSE: AX Loan Growth by Category $ Millions $ 19,803 $ 19,317 $ 486 Q4 FY24 Q3 FY24 Inc (Dec) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------------------|------------------------------------|-------|-------|-------|-------|-------|-------| | | Single Family | Jumbo Mortgage | $ | 3,922 | $ | 3,964 | $ | (42) | | | Mortgage & Warehouse | SF Warehouse Lending | | 257 | | 159 | | 98 | | | Multifamily & | Multifamily | | ...

The market expects Axos Financial (AX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...