In This Article:
Granite Point Mortgage Trust (NYSE:GPMT) Third Quarter 2024 Results
Key Financial Results
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Net loss: US$31.0m (loss widened by 26% from 3Q 2023).
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US$0.61 loss per share (further deteriorated from US$0.48 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Granite Point Mortgage Trust Revenues and Earnings Miss Expectations
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.
Risk Analysis
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.
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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.