AG Mortgage Investment Trust Inc reports results for the quarter ended in June - Earnings Summary

TPG Mortgage Investment Trust

02/08/2024 15:22

* AG Mortgage Investment Trust Inc  MITT.N  reported a
quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of 17 cents.  The mean expectation of six analysts
for the quarter was for earnings of 26 cents per share. Wall
Street expected results to range from 14 cents to 37 cents per
share.
    * Revenue rose 44.2% to $16.38 million from a year ago;
analysts
expected $17.03 million. 
    * AG Mortgage Investment Trust Inc's reported EPS for the
quarter
was a loss of 2 cents​.
    * The company reported a quarterly loss of $661 thousand.
    * AG Mortgage Investment Trust Inc shares had risen by 14.5%
this
quarter and gained 19.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.6%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for AG Mortgage
Investment Trust Inc is $8.00 
This summary was machine generated from LSEG data August 2 at
02:22 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.26           -0.02          Missed
 Mar. 31 2024      0.16           0.55           Beat
 Dec. 31 2023      0.15           0.03           Missed
 Sep. 30 2023      0.09           -0.33          Missed