Invesco Mortgage Capital Inc reports results for the quarter ended in December - Earnings Summary

Invesco Mortgage Capital

23/02/2024 03:15

* Invesco Mortgage Capital Inc  IVR.N  reported quarterly
adjusted
earnings of 95 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.46.  The mean expectation of
five analysts for the quarter was for earnings of $1.19 per
share. Wall Street expected results to range from 92 cents
to $1.70 per share.
    * Revenue rose 6.9% to $62.08 million from a year ago;
analysts
expected $62.90 million. 
    * Invesco Mortgage Capital Inc's reported EPS for the
quarter was
46 cents​.
    * The company reported quarterly net income of $22.28
million.
    * Invesco Mortgage Capital Inc shares had fallen by 2.6%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
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 no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Invesco Mortgage
Capital Inc is $8.25 
This summary was machine generated from LSEG data February 23 at
03:14 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.19           0.95           Missed
 Sep. 30 2023      1.33           1.51           Beat
 Jun. 30 2023      1.08           1.45           Beat
 Mar. 31 2023      0.86           1.50           Beat