Two Harbors Investment Corp reports results for the quarter ended December 31 - Earnings Summary

Two Harbors Investment

29/01/2025 23:43

* Two Harbors Investment Corp  TWO.N  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of -11 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 34 cents per share. Wall
Street expected results to range from 10 cents to 47 cents per
share.
    * Revenue fell 23.6% to $-34.89 million from a year ago;
analysts
expected $-26.42 million. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was
$2.37​.
    * The company reported quarterly net income of $264.95
million.
    * Two Harbors Investment Corp shares had risen by 1.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 Two Harbors
Investment Corp is $13.50 
This summary was machine generated from LSEG data January 29 at
11:43 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
 Dec. 31 2024      0.34           0.20           Missed
 Sep. 30 2024      0.34           0.13           Missed
 Jun. 30 2024      0.32           0.17           Missed
 Mar. 31 2024      0.28           0.05           Missed