Invesco Mortgage Capital Inc reports results for the quarter ended March 31 - Earnings Summary

• Invesco Mortgage Capital Inc IVR.N reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of six analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 55 cents to 62 cents per share.

• Revenue rose 7.7% to $73.85 million from a year ago; analysts expected $75.63 million.

• Invesco Mortgage Capital Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $16.29 million.

• Invesco Mortgage Capital Inc shares had fallen by 9.0% this quarter and lost 10.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 $8.00

This summary was machine generated from LSEG data May 8 at 02:04 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)