Granite Point Mortgage Q2 Adj EPS $0.20 Beats $0.14 Estimate, Sales $21.84M Beat $20.95M Estimate
Portfolio Pulse from totan@benzinga.com
Granite Point Mortgage (NYSE:GPMT) reported Q2 earnings of $0.20 per share, beating the analyst consensus estimate of $0.14 by 42.86%. However, this is a 9.09% decrease from the same period last year. The company also reported quarterly sales of $21.84 million, beating the analyst consensus estimate of $20.95 million by 4.25%, but this is a 0.43% decrease from the same period last year.
August 08, 2023 | 8:50 pm
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Granite Point Mortgage's Q2 earnings and sales beat analyst estimates, but both show a slight decrease from the same period last year.
While Granite Point Mortgage beat analyst estimates for Q2 earnings and sales, the slight decrease in both compared to the same period last year may cause some investor concern. This could potentially lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100