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

Two Harbors Investment

30/04/2024 02:42

* Two Harbors Investment Corp  TWO.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 9 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 28 cents per share. Wall Street
expected results to range from -12 cents to 53 cents per share.
    * Revenue rose 63% to $-42.22 million from a year ago;
analysts
expected $-18.42 million. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was
$1.73​.
    * The company reported quarterly net income of $192.45
million.
    * Two Harbors Investment Corp shares had fallen by 5.4% this
quarter and lost 10.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $14.50 
This summary was machine generated from LSEG data April 30 at
01:42 a.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      0.28           0.05           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