Invesco Mortgage Capital Q4 2023 Adj EPS $0.95 Misses $1.19 Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco Mortgage Capital (IVR) reported Q4 2023 adjusted earnings per share (EPS) of $0.95, missing the consensus estimate of $1.19 by 20.17%. This represents a 34.93% decrease from the same period last year's earnings of $1.46 per share.
February 22, 2024 | 10:00 pm
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Invesco Mortgage Capital reported a significant miss in Q4 2023 earnings, with EPS at $0.95 against estimates of $1.19, a 34.93% decrease from the previous year.
The significant miss in earnings estimates and the substantial year-over-year decrease in EPS are likely to negatively impact investor sentiment and could lead to a short-term decrease in IVR's stock price.
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