Two Harbors Inv Q1 2024 Adj EPS $0.05 Misses $0.28 Estimate, Sales $(42.217M) Miss $(18.425M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Two Harbors Investment Corp. (TWO) reported Q1 2024 adjusted EPS of $0.05, missing the $0.28 estimate, and sales of $(42.217M), missing the $(18.425M) estimate. This represents a significant decrease in performance compared to the same period last year.
April 29, 2024 | 9:02 pm
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NEGATIVE IMPACT
Two Harbors Investment Corp. reported significantly lower Q1 2024 earnings and sales, missing analyst estimates.
The substantial miss in both earnings per share and sales compared to analyst estimates, along with a significant year-over-year decline, suggests a negative short-term impact on TWO's stock price. The magnitude of the miss and the comparison to last year's performance are critical factors indicating potential investor concern and a likely decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100