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

TPG Mortgage Investment Trust

05/05/2023 14:31

* AG Mortgage Investment Trust Inc  MITT.N  reported
quarterly
adjusted earnings of 38 cents​​ per share for the quarter ended
in March. The mean expectation of five analysts for the quarter
was for earnings of 12 cents per share.
    * Revenue fell 32.8% to $11.62 million from a year ago;
analysts
expected $14.94 million. 
    * AG Mortgage Investment Trust Inc's reported EPS for the
quarter
was 38 cents​.
    * The mean earnings estimate of analysts had fallen by
about 18%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * AG Mortgage Investment Trust Inc shares had fallen
by 12.7% this
quarter and lost 5.5% so far this year.
    * The company reported quarterly net income of $7.95
million.
    * Wall Street's median 12-month price target for AG Mortgage
Investment Trust Inc is $7.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.12           0.38           Beat
 Dec. 31 2022      0.15           0.33           Beat
 Sep. 30 2022      -0.01          -0.33          Missed
 Jun. 30 2022      -0.07          -2.27          Missed