AG Mortgage Investment Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
AG Mortgage Investment (NYSE:MITT) reported Q1 earnings of $12.54 million, a 7.23% increase from Q4, while sales dropped 6.04% to $11.62 million. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation. However, Q1 earnings per share of $0.03 did not meet analyst predictions of $0.12.
May 19, 2023 | 3:00 pm
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AG Mortgage Investment's Q1 earnings increased 7.23% to $12.54 million, but sales dropped 6.04% to $11.62 million. The company's ROCE of 0.03% indicates effective capital allocation, but EPS missed analyst predictions.
AG Mortgage Investment's Q1 earnings increased, but sales dropped, and EPS missed analyst predictions. The company's ROCE of 0.03% indicates effective capital allocation, which is a positive sign for long-term returns. However, the missed EPS prediction may offset the positive impact of the ROCE, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100