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

Invesco Mortgage Capital

10/05/2023 20:28

* Invesco Mortgage Capital Inc  IVR.N  reported quarterly
adjusted
earnings of $1.50​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 86 cents per share.
    * Revenue rose 64.3% to $69.29 million from a year ago;
analysts
expected $70.35 million. 
    * Invesco Mortgage Capital Inc's reported EPS for the
quarter was
39 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Invesco Mortgage Capital Inc shares had fallen by 9.8%
this
quarter and lost 21.4% so far this year.
    * The company reported quarterly net income of $15.6
million.
    * Wall Street's median 12-month price target for Invesco
Mortgage
Capital Inc is $11.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 07:28 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.86           1.50           Beat
 Dec. 31 2022      0.87           1.46           Beat
 Sep. 30 2022      0.94           1.39           Beat
 Jun. 30 2022      0.87           1.40           Beat