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

Invesco Mortgage Capital

09/08/2024 01:32

* Invesco Mortgage Capital Inc  IVR.N  reported quarterly
adjusted
earnings of 86 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.45.  The mean expectation of six analysts for the
quarter was for earnings of 99 cents per share. Wall Street
expected results to range from 75 cents to $1.60 per share.
    * Revenue fell 4.8% to $68.03 million from a year ago;
analysts
expected $57.28 million. 
    * Invesco Mortgage Capital Inc's reported EPS for the
quarter was
a loss of 38 cents​.
    * The company reported a quarterly loss of $18.77 million.
    * Invesco Mortgage Capital Inc shares had fallen by 7.0%
this
quarter and lost 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.1%
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 1 "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 $9.00 
This summary was machine generated from LSEG data August 9 at
12:32 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
 Jun. 30 2024      0.99           0.86           Missed
 Mar. 31 2024      1.13           0.86           Missed
 Dec. 31 2023      1.19           0.95           Missed
 Sep. 30 2023      1.33           1.51           Beat