Granite Point Mortgage Trust Third Quarter 2024 Earnings: Misses Expectations [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
All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 28%. Looking ahead, revenue is forecast to grow 91% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Mortgage REITs industry in the US. Performance of the American Mortgage REITs industry. The company's shares are up 3.4% from a week ago. You still need to take note of risks, for example - Granite Point Mortgage Trust has 2 warning signs (and 1 which is a bit concerning) we think you should know about. 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.
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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