Western Asset Mortgage Capital Corp expected to post earnings of 6  cents a share - Earnings Preview

Western Asset Mortgage Capital

01/03/2022 01:52

* Western Asset Mortgage Capital Corp  WMC.N   WMC  is
expected
to show a fall in quarterly revenue when it reports  results on
March 2. 
    * The Pasadena California-based  company is expected to
report  a
23.6% decrease in revenue to $7.258 million from $9.5 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Western Asset
Mortgage
Capital Corp is for earnings of 6 cents per share. For the same
quarter last year, the company reported earnings of 12 cents per
share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Western
Asset
Mortgage Capital Corp is $3​, about 38.3% above​ its last
closing price of $1.85. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.05        0.06       0.06      Met     5.9
 Jun. 30 2021  0.09        0.08       0.05      Missed  -37.5
 Mar. 31 2021  0.08        0.09       0.10      Beat    15.4​
 Dec. 31 2020  0.10        0.08       0.12      Beat    50
 ​​Sep.        0.08        0.08       0.10      Beat    33.3
 30 2020                                                
 Jun. 30 2020  0.03        0.03       0.11      Beat    266.7​
 Mar. 31 2020  0.12        0.12       0.29      Beat    141.7
 Dec. 31 2019  0.30        0.30       0.30      Met     1.7
 This summary was machine generated March 1 at 01:52 GMT.  All
figures in US dollars  unless otherwise stated