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

Two Harbors Investment

29/01/2024 22:48

* Two Harbors Investment Corp  TWO.N  reported a quarterly
adjusted loss of 11 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from $-3.13 to 54
cents per share.
    * Revenue was $-45.68 million​; analysts expected $-17.33
million. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was a
loss of $4.56​.
    * The company reported a quarterly loss of $444.69 million.
    * Two Harbors Investment Corp shares had fallen by 2.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 114%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Two Harbors
Investment Corp is $14.75 
This summary was machine generated from LSEG data January 29 at
10:47 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 2023      -0.06          -0.11          Missed
 Sep. 30 2023      0.42           -0.01          Missed
 Jun. 30 2023      0.58           -0.04          Missed
 Mar. 31 2023      0.86           0.09           Missed