• Flagstar Financial Inc FLG.N reported a quarterly adjusted loss of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -75 cents. The mean expectation of sixteen analysts for the quarter was for a loss of 28 cents per share. Wall Street expected results to range from -47 cents to -17 cents per share.

• Revenue fell 21.5% to $490.00 million from a year ago; analysts expected $454.60 million.

• Flagstar Financial Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $108 million.

• Flagstar Financial Inc shares had fallen by 3.0% this quarter and gained 20.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 11 "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 $13.00

This summary was machine generated from LSEG data April 25 at 01:31 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)