Invesco Mortgage Capital Inc Up 1.32% To $11.48 After Earnings Beat

Invesco Mortgage Capital Inc (IVR) said after close Thursday that it earned $1.45 per share in quarter two 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $12.4 million, missing estimates by $59.1 million.

In the same quarter a year ago, the company earned $1.4 per share on revenue of $41.1 million.

The stock is up 1.32% to $11.48 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Sell which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Invesco Mortgage Capital Inc has performed a little below average during the past few months. Before the report, Invesco Mortgage Capital Inc received a Long-Term Technical Rank by InvestorsObserver of 45, putting it in the bottom half of stocks. The firm set a 52-week low on May 2, 2023 at $9.48 and set a 52-week high on August 8, 2022 at $17.95.

Invesco Mortgage Capital Inc is an REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities for which a U.S. government agency or a federally chartered corporation guarantees payment of principal and interest, or Agency RMBS; residential mortgage-backed securities that are not issued or guaranteed by an agency, or nonagency RMBS; commercial mortgage-backed securities, or CMBS; and residential and commercial mortgage loans. The asset manager for the company is Invesco Advisers, a subsidiary of Invesco.