Western Asset Mortgage Capital Corp reports results for the quarter ended in March - Earnings Summary

Western Asset Mortgage Capital

06/05/2022 23:35

* Western Asset Mortgage Capital Corp  WMC.N  reported
quarterly
adjusted earnings of 1 cent​​ per share for the quarter ended in
March. The mean expectation of three analysts for the quarter
was for earnings of 6 cents per share.
    * Revenue fell 53.7% to $4.28 million from a year ago; 
analysts
expected $8.24 million. 
    * Western Asset Mortgage Capital Corp's reported EPS for the
quarter was a loss of 43 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Western Asset Mortgage Capital Corp shares had fallen
by 10.5%
this quarter and lost 27.5% so far this year.
    * The company reported a quarterly loss of $23.85 million.
    * Wall Street's median 12-month price target for Western
Asset
Mortgage Capital Corp is $2.00 
    * 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." 

This summary was machine generated May 6 at 10:35 p.m.  ​All
figures in US dollars unless otherwise stated