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

Western Asset Mortgage Capital

03/11/2022 23:30

* Western Asset Mortgage Capital Corp  WMC.N  reported
quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
in September. The mean expectation of two analysts for the
quarter was for earnings of 65 cents per share.
    * Revenue fell 20.4% to $5.70 million from a year ago;
analysts
expected $9.17 million. 
    * Western Asset Mortgage Capital Corp's reported EPS for the
quarter was a loss of $6.63​.
    * The mean earnings estimate of analysts had risen by
about 7.7%
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 4.8%
this quarter and lost 49.5% so far this year.
    * The company reported a quarterly loss of $40.01 million.
    * Wall Street's median 12-month price target for Western
Asset
Mortgage Capital Corp is $20.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 11:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.65           0.37           Missed
 Jun. 30 2022      0.52           0.44           Missed
 Mar. 31 2022      0.63           0.10           Missed
 Dec. 31 2021      0.57           0.10           Missed