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

Western Asset Mortgage Capital

05/05/2023 03:04

* Western Asset Mortgage Capital Corp  WMC.N  reported
quarterly
adjusted earnings of 36 cents​​ per share for the quarter ended
in March. The lone analyst forecast for the quarter was
for earnings of 30 cents per share.
    * Revenue rose 1.7% to $4.36 million from a year ago;
analysts
expected $5.44 million. 
    * Western Asset Mortgage Capital Corp's reported EPS for the
quarter was $1.07​.
    * The mean earnings estimate of analysts was unchanged 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 7.6%
this quarter and lost 7.4% so far this year.
    * The company reported quarterly net income of $6.57
million.
    * Wall Street's median 12-month price target for Western
Asset
Mortgage Capital Corp is $17.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 02:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.30           0.36           Beat
 Dec. 31 2022      0.31           0.33           Beat
 Sep. 30 2022      0.65           0.37           Missed
 Jun. 30 2022      0.52           0.44           Missed