Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]
Granite Point Mortgage Trust Inc. (GPMT)
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm
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Source: Yahoo! Finance
This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 95.83%. A quarter ago, it was expected that this real estate investment trust would post a loss of $0.08 per share when it actually produced a loss of $0.05, delivering a surprise of 37.50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Granite Point Mortgage Trust , which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $7.66 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 6.36%. This compares to year-ago revenues of $19.92 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ear
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News
- Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update [Yahoo! Finance]Yahoo! Finance
- Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business UpdateBusiness Wire
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) was upgraded by analysts at Keefe, Bruyette & Woods from an "underperform" rating to a "market perform" rating. They now have a $3.25 price target on the stock, up previously from $3.00.MarketBeat
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target raised by analysts at UBS Group AG from $3.50 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target raised by analysts at Keefe, Bruyette & Woods from $2.75 to $3.00. They now have an "underperform" rating on the stock.MarketBeat
GPMT
Earnings
- 11/6/24 - Beat
GPMT
Sec Filings
- 12/2/24 - Form 3
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- GPMT's page on the SEC website