Financial analysts at B. Riley have been actively updating their outlook on several publicly traded companies. Recent reports indicate adjustments to earnings estimates and stock ratings, offering valuable insights for investors. Here's a quick rundown of the latest changes:
New York Mortgage Trust Gets a Boost
New York Mortgage Trust (NASDAQ:NYMT) received a positive nod from StockNews.com, with an upgrade from a "sell" to a "hold" rating. This suggests a more neutral outlook on the company's performance. Simultaneously, B. Riley revised their price target for NYMT, lowering it from $11.00 to $8.00 but maintaining a "buy" rating. This seemingly contradictory move indicates that while B. Riley sees long-term potential, they anticipate some short-term challenges.
UMH Properties: Q1 2025 Earnings Forecast
Looking ahead, B. Riley analyst J. Massocca has released an earnings per share (EPS) estimate for UMH Properties, Inc. (NYSE:UMH) for the first quarter of 2025. The forecast anticipates earnings of $0.22 per share for the real estate investment trust. This projection provides investors with a benchmark to evaluate UMH Properties' future performance.
Montauk Renewables: Q4 2024 Outlook Revised
Not all news was positive, however. B. Riley analyst R. Pfingst lowered the Q4 2024 EPS estimate for Montauk Renewables, Inc. (NASDAQ:MNTK). The new estimate stands at $0.05 per share, a decrease from the previous projection. This adjustment suggests a more cautious outlook for Montauk Renewables in the near term.
Ameresco's FY2024 Earnings: A Positive Adjustment
In contrast to Montauk Renewables, Ameresco, Inc. (NYSE:AMRC) received an upward revision. B. Riley analyst R. Pfingst now projects FY2024 earnings of $1.17 per share, an increase from the previous estimate. This positive adjustment reflects a more optimistic outlook for the utilities provider. "The revised estimate indicates a strengthening of Ameresco's financial outlook," according to the B. Riley report.
These recent adjustments by B. Riley highlight the dynamic nature of financial analysis and the importance of staying informed about evolving market conditions. Investors are encouraged to conduct their own thorough research and consider these estimates as part of a broader investment strategy.