Invesco Mortgage Capital Q2 Adj EPS $1.45 Beats $1.07 Estimate, Sales $12.41M Miss $71.55M Estimate
Portfolio Pulse from mahesh@benzinga.com
Invesco Mortgage Capital reported Q2 earnings of $1.45 per share, beating the analyst consensus estimate of $1.07 by 35.51%. However, the company's quarterly sales of $12.41 million missed the analyst consensus estimate of $71.55 million by 82.66%, marking a 69.82% decrease from the same period last year.
August 04, 2023 | 2:41 pm
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Invesco Mortgage Capital's Q2 earnings beat estimates but sales significantly missed, indicating mixed financial performance.
Invesco Mortgage Capital's earnings beat could potentially boost investor confidence, however, the significant miss in sales could raise concerns about the company's revenue generation capabilities, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100