MFA Financial (MFA) Q2 Earnings and Revenues Surpass Estimates

Core Viewpoint - MFA Financial reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of$ 0.38 per share, and showing an increase from $0.40 per share a year ago, representing an earnings surprise of 15.79% [1][2] Financial Performance - The company posted revenues of$ 53.49 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 12.14%, compared to revenues of $44.51 million in the same quarter last year [2] - Over the last four quarters, MFA Financial has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance and Outlook - MFA Financial shares have declined approximately 3.9% since the beginning of the year, while the S&P 500 has gained 9% [3] - The company's current consensus EPS estimate for the upcoming quarter is$ 0.39 on revenues of $50.05 million, and for the current fiscal year, it is$ 1.52 on revenues of $197.6 million [7] Industry Context - The REIT and Equity Trust industry, to which MFA Financial belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]