Recap: Western Asset Mortgage Q1 Earnings

Western Asset Mortgage WMC reported its Q1 earnings results on Thursday, May 4, 2023 at 04:42 PM.

Here's what investors need to know about the announcement.

Western Asset Mortgage beat estimated earnings by 20.0%, reporting an EPS of $0.36 versus an estimate of $0.3.

Revenue was up $72 thousand from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 2.46% increase in the share price the next day.

Here's a look at Western Asset Mortgage's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.31	0.65	0.42	0.6
EPS Actual	0.33	0.37	0.44	0.1
Revenue Estimate	5.55M	9.17M	8.62M	7.58M
Revenue Actual	4.77M	5.70M	6.24M	4.28M

To track all earnings releases for Western Asset Mortgage visit their earnings calendar here.

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