Flagstar Financial Inc reports results for the quarter ended December 31 - Earnings Summary

• Flagstar Financial Inc FLG.N reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -81 cents. The mean expectation of fifteen analysts for the quarter was for a loss of 54 cents per share. Wall Street expected results to range from -74 cents to -33 cents per share.

• Revenue fell 37.7% to $461.00 million from a year ago; analysts expected $482.34 million.

• Flagstar Financial Inc's reported EPS for the quarter was a loss of 41 cents​.

• The company reported a quarterly loss of $168 million.

• Flagstar Financial Inc shares had risen by 2.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Flagstar Financial Inc is $12.00

This summary was machine generated from LSEG data January 30 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)