Granite Point Mortgage's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Granite Point Mortgage (NYSE:GPMT) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $-0.29. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Shares are currently trading at $5.31, down 17.59% over the last year. Investors are looking for positive guidance for the next quarter.
February 13, 2024 | 7:01 pm
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Granite Point Mortgage is expected to report an EPS of $-0.29 for the upcoming earnings, with a focus on future guidance. Shares have declined by 17.59% over the past year.
The expected EPS of $-0.29 indicates a challenging quarter for GPMT, but investor focus will likely be on future guidance. Historical data shows mixed reactions to past earnings, making the short-term impact uncertain. The significant YOY share price decline suggests investor sentiment is already bearish, potentially limiting further downside from the earnings report unless the guidance is particularly negative.
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