Latest news with #MortgageREIT
Yahoo
2 days ago
- Business
- Yahoo
Earnings To Watch: PennyMac Mortgage Investment Trust (PMT) Reports Q2 Results Tomorrow
Mortgage REIT PennyMac Mortgage Investment Trust (NYSE:PMT) will be reporting earnings this Tuesday after the bell. Here's what to look for. PennyMac Mortgage Investment Trust missed analysts' revenue expectations by 52.7% last quarter, reporting revenues of $44.47 million, down 40.1% year on year. It was a softer quarter for the company, with a significant miss of analysts' EPS estimates and a slight miss of analysts' tangible book value per share estimates. Is PennyMac Mortgage Investment Trust a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting PennyMac Mortgage Investment Trust's revenue to grow 33.5% year on year to $95.05 million, a reversal from the 21.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.37 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PennyMac Mortgage Investment Trust has missed Wall Street's revenue estimates six times over the last two years. Looking at PennyMac Mortgage Investment Trust's peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Citigroup delivered year-on-year revenue growth of 8%, beating analysts' expectations by 3.5%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Citigroup traded up 2.9% following the results while Texas Capital Bank was also up 4.8%. Read our full analysis of Citigroup's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the banks segment, with share prices up 7.7% on average over the last month. PennyMac Mortgage Investment Trust's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $13.86 (compared to the current share price of $12.51). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
3 days ago
- Business
- Yahoo
AGNC Investment Earnings: What To Look For From AGNC
Mortgage REIT AGNC Investment (NASDAQ:AGNC) will be reporting earnings this Monday after the bell. Here's what to look for. AGNC Investment missed analysts' revenue expectations by 73.6% last quarter, reporting revenues of $78 million, down 83.3% year on year. It was a slower quarter for the company, with a slight miss of analysts' tangible book value per share estimates. Is AGNC Investment a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting AGNC Investment's revenue to grow 1,246% year on year to $274.9 million, a reversal from the 108% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at AGNC Investment's peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Citigroup delivered year-on-year revenue growth of 8%, beating analysts' expectations by 3.5%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Citigroup traded up 2.9% following the results while Texas Capital Bank was also up 4.8%. Read our full analysis of Citigroup's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the banks segment, with share prices up 10.3% on average over the last month. AGNC Investment's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $9.66 (compared to the current share price of $9.26). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
AGNC Investment Earnings: What To Look For From AGNC
Mortgage REIT AGNC Investment (NASDAQ:AGNC) will be reporting earnings this Monday after the bell. Here's what to look for. AGNC Investment missed analysts' revenue expectations by 73.6% last quarter, reporting revenues of $78 million, down 83.3% year on year. It was a slower quarter for the company, with a slight miss of analysts' tangible book value per share estimates. Is AGNC Investment a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting AGNC Investment's revenue to grow 1,246% year on year to $274.9 million, a reversal from the 108% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at AGNC Investment's peers in the banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Citigroup delivered year-on-year revenue growth of 8%, beating analysts' expectations by 3.5%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Citigroup traded up 2.9% following the results while Texas Capital Bank was also up 4.8%. Read our full analysis of Citigroup's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the banks segment, with share prices up 10.3% on average over the last month. AGNC Investment's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $9.66 (compared to the current share price of $9.26). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
