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

Two Harbors Investment

01/05/2023 23:15

* Two Harbors Investment Corp  TWO.N  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in March.
The mean expectation of nine analysts for the quarter was
for earnings of 80 cents per share.
    * Revenue rose 14.9% to $25.90 million from a year ago;
analysts
expected $-1.78 million. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was a
loss of $2.05​.
    * The mean earnings estimate of analysts had risen by
about 32.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Two Harbors Investment Corp shares had fallen by 5.3% this
quarter and lost 11.7% so far this year.
    * The company reported a quarterly loss of $189.17 million.
    * Wall Street's median 12-month price target for Two Harbors
Investment Corp is $17.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 10:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.72           0.88           Beat