AG Mortgage Investment Q1 Adj $0.21 Beats $0.15 Estimate, Sales $17.18M Beat $14.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
AG Mortgage Investment (NYSE:MITT) reported Q1 earnings of $0.21 per share, surpassing the $0.15 estimate, a 600% increase from last year. Sales reached $17.18M, beating the $14.54M estimate, marking a 47.90% increase from the previous year.
May 03, 2024 | 10:34 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AG Mortgage Investment reported a significant beat on both earnings and revenue estimates for Q1, with earnings per share at $0.21 and sales at $17.18M.
The substantial beat on both earnings per share and sales estimates for Q1 indicates strong financial health and operational efficiency. A 600% increase in earnings per share and a 47.90% increase in sales year-over-year are likely to positively influence investor sentiment and potentially lead to a short-term uptick in MITT's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100