Granite Point Mortgage Trust (NYSE:GPMT) Second Quarter 2024 Results
Key Financial Results
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 21%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 95% p.a. on average during the next 3 years, compared to a 42% growth forecast for the Mortgage REITs industry in the US.
Performance of the American Mortgage REITs industry.
The company’s shares are down 15% from a week ago.
Risk Analysis
We should say that we’ve discovered 3 warning signs for Granite Point Mortgage Trust that you should be aware of before investing here.
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