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.
CONFIDENCE 80
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