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HomeBusinessGranite Level Mortgage Belief (GPMT) This autumn Earnings and Revenues Lag Estimates

Granite Level Mortgage Belief (GPMT) This autumn Earnings and Revenues Lag Estimates

This story initially appeared on Zacks

Granite Level Mortgage Belief (GPMT) got here out with quarterly earnings of $0.24 per share, lacking the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.33 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.

– Zacks

This quarterly report represents an earnings shock of -11.11%. 1 / 4 in the past, it was anticipated that this actual property funding belief would submit earnings of $0.10 per share when it really produced earnings of $0.09, delivering a shock of -10%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.

Granite Level Mortgage Belief, which belongs to the Zacks REIT and Fairness Belief trade, posted revenues of $20.05 million for the quarter ended December 2021, lacking the Zacks Consensus Estimate by 10.08%. This compares to year-ago revenues of $27.38 million. The corporate has topped consensus income estimates simply as soon as during the last 4 quarters.

The sustainability of the inventory’s speedy value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.

Granite Level Mortgage Belief shares have misplaced about 4.2% for the reason that starting of the 12 months versus the S&P 500’s decline of -11.3%.

What’s Subsequent for Granite Level Mortgage Belief?

Whereas Granite Level Mortgage Belief has outperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?

There aren’t any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.

Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable observe report of harnessing the ability of earnings estimate revisions.

Forward of this earnings launch, the estimate revisions pattern for Granite Level Mortgage Belief: blended. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You possibly can see the entire checklist of at this time’s Zacks #1 Rank (Robust Purchase) shares right here.

It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.28 on $23.9 million in revenues for the approaching quarter and $1.18 on $98.8 million in revenues for the present fiscal 12 months.

Traders ought to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as properly. By way of the Zacks Business Rank, REIT and Fairness Belief is at the moment within the backside 22% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.

One other inventory from the identical trade, Ellington Residential (EARN), has but to report outcomes for the quarter ended December 2021. The outcomes are anticipated to be launched on March 7.

This residential mortgage actual property funding belief is anticipated to submit quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -5.9%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.

Ellington Residential’s revenues are anticipated to be $6.15 million, up 12.6% from the year-ago quarter.

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