Two Harbors Investments Corp (NYSE:TWO) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.24 per share.
For the full year, analysts predict revenues of $ 255.12 million, while looking forward to income of $ 0.65 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.22 ~ $ 0.26 per share
Click Here For More Historical Outlooks Of Two Harbors Investments Corp
Previous Quarter Performance
Two Harbors Investments Corp posted loss for the second quarter of $ 0.05 per share, from the revenue of $ 45.21 million. The consensus estimates are income of $ 0.13 per share from $ 44.49 million in revenue. The bottom line results missed street analysts by $ 0.18 or 138.46 percent, at the same time, top line results outshined analysts by $ 0.72 million or 1.62 percent.
Stock Performance
Shares of Two Harbors Investments Corp traded up $ 0.20 or 3.77 percent on Tuesday, reaching $ 5.50 with volume of 3.80 million shares. Two Harbors Investments Corp has traded high as $ 5.55 and has cracked $ 5.34 on the downward trend
According to the previous trading day, closing price of $ 5.50, representing a 135.56 % increase from the 52 week low of $ 2.25 and a 66.56 % decrease over the 52 week high of $ 15.85.
The company has a market capital of $ 1.51 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 30th September 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); non-agency securities collateralized by prime mortgage loans, Alt-A mortgage loans, pay-option ARM loans, and subprime mortgage loans; and other assets, such as financial and mortgage-related assets, as well as residential mortgage loans and non-hedging transactions.
