Two Harbors Investment First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Two Harbors Investment (NYSE:TWO) First Quarter 2024 Results
Key Financial Results
Net income: US$192.4m (up from US$189.6m loss in 1Q 2023).
EPS: US$1.86 (up from US$2.05 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Two Harbors Investment EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 153%. Earnings per share (EPS) exceeded analyst estimates significantly.
Looking ahead, revenue is expected to decline by 158% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 30%.
Performance of the American Mortgage REITs industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Be aware that Two Harbors Investment is showing 4 warning signs in our investment analysis and 2 of those make us uncomfortable...
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
