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

TPG Mortgage Investment Trust

03/05/2024 14:32

* AG Mortgage Investment Trust Inc  MITT.N  reported
quarterly
adjusted earnings of 55 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
five analysts for the quarter was for earnings of 16 cents per
share. Wall Street expected results to range from 11 cents to 19
cents per share.
    * Revenue rose 47.9% to $17.18 million from a year ago;
analysts
expected $14.54 million. 
    * AG Mortgage Investment Trust Inc's reported EPS for the
quarter
was 55 cents​.
    * The company reported quarterly net income of $16.3
million.
    * AG Mortgage Investment Trust Inc shares had fallen by 5.9%
this
quarter and lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
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 "buy"
and
the breakdown of recommendations is 3 "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 $7.00 
This summary was machine generated from LSEG data May 3 at 01:31
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
 Mar. 31 2024      0.16           0.55           Beat
 Dec. 31 2023      0.15           0.03           Missed
 Sep. 30 2023      0.09           -0.33          Missed
 Jun. 30 2023      0.11           0.17           Beat