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

Two Harbors Investment

01/08/2023 18:32

* Two Harbors Investment Corp  TWO.N  reported a quarterly
adjusted loss of 4 cents​​ per share for the quarter ended in
June. The mean expectation of eight analysts for the quarter was
for earnings of 56 cents per share.
    * Revenue rose 310% to $-41.80 million from a year ago;
analysts
expected $80.60 thousand. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was
$1.80​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Two Harbors Investment Corp shares had fallen by 3.4% this
quarter and lost 15.0% so far this year.
    * The company reported quarterly net income of $187.78
million.
    * Wall Street's median 12-month price target for Two Harbors
Investment Corp is $14.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 05:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.56           -0.04          Missed
 Mar. 31 2023      0.80           0.09           Missed
 Dec. 31 2022      0.53           0.26           Missed
 Sep. 30 2022      0.79           0.64           Missed