Invesco Mortgage Capital Inc reports results for the quarter ended in December

• Invesco Mortgage Capital Inc IVR reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of $1.46. The mean expectation of five analysts for the quarter was for earnings of $1.19 per share. Wall Street expected results to range from 92 cents to $1.70 per share.

• Revenue rose 6.9% to $62.08 million from a year ago; analysts expected $62.90 million.

• Invesco Mortgage Capital Inc’s reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $22.28 million.

• Invesco Mortgage Capital Inc shares had fallen by 2.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy,” 4 “hold” and 1 “sell” or “strong sell.”

• The average consensus recommendation for the specialized reits peer group is also “hold”

Wall Street’s median 12-month price target for Invesco Mortgage Capital Inc is $8.25

This summary was machine generated from LSEG data February 23 at 03:14 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)