Granite Point Mortgage's Earnings: A Preview

Granite Point Mortgage GPMT will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Granite Point Mortgage to report an earnings per share (EPS) of $-0.82.

Anticipation surrounds Granite Point Mortgage's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

Last quarter the company beat EPS by $0.16, which was followed by a 4.46% drop in the share price the next day.

Here's a look at Granite Point Mortgage's past performance and the resulting price change:

Market Performance of Granite Point Mortgage's Stock

Shares of Granite Point Mortgage were trading at $3.01 as of November 04. Over the last 52-week period, shares are down 35.43%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Granite Point Mortgage visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.