Invesco Mortgage Capital Inc reports results for the quarter ended June 30 - Earnings Summary

• Invesco Mortgage Capital Inc IVR.N reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended June 30, 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 53 cents to 68 cents per share.

• Revenue rose 3.8% to $70.62 million from a year ago; analysts expected $75.38 million.

• Invesco Mortgage Capital Inc's reported EPS for the quarter was a loss of 40 cents​.

• The company reported a quarterly loss of $26.57 million.

• Invesco Mortgage Capital Inc shares had fallen by 2.9% this quarter and lost 5.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% 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 "buy."

• Wall Street's median 12-month price target for Invesco Mortgage Capital Inc is $7.25, about 5.2% below its last closing price of $7.63

This summary was machine generated from LSEG data July 24 at 09:37 p.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)