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

Two Harbors Investment

30/10/2023 21:48

* Two Harbors Investment Corp  TWO.N  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of 42 cents per share.
    * Revenue rose 548.3% to $-49.49 million from a year ago;
analysts
expected $-9.32 million. 
    * Two Harbors Investment Corp's reported EPS for the quarter
was
$2.81​.
    * The mean earnings estimate of analysts had fallen by
about 30%
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 24.8%
this
quarter and lost 36.9% so far this year.
    * The company reported quarterly net income of $294.08
million.
    * Wall Street's median 12-month price target for Two Harbors
Investment Corp is $14.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 09:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.53           0.26           Missed