Recap: Front Yard Residential Q2 Earnings

Shares of Front Yard Residential RESI rose 6% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 114.89% over the past year to $0.07, versus the estimate of ($0.32).

Revenue of $55,128,000 up by 6.93% from the same period last year, which beat the estimate of $54,430,000.

Outlook

Front Yard Residential hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 10, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/bf65cn4v

Recent Stock Performance

Company's 52-week high was at $13.28

52-week low: $6.01

Price action over last quarter: Up 26.91%

Company Profile

Front Yard Residential Corp is a real estate investment trust, which focuses on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties through the acquisition of sub-performing and non-performing loan portfolios. The company is managed by Altisource Asset Management Corporation, which has a management team with extensive industry experience in real estate, non-performing loan portfolios, and mortgage loan servicing. Geographically the firm has its property portfolio across the region of Alabama, Georgia, Hawaii, Louisiana, New Jersey, Pennsylvania, Texas, New York, Kentucky and in many other regions.