Recap: Granite Point Mortgage Q1 Earnings

Granite Point Mortgage GPMT reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:55 PM.

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

Granite Point Mortgage beat estimated earnings by 25.0%, reporting an EPS of $0.2 versus an estimate of $0.16.

Revenue was down $599 thousand from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 1.63% drop in the share price the next day.

Here's a look at Granite Point Mortgage's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.17	0.21	0.22	0.04
EPS Actual	-0.16	0.17	0.22	0.05
Revenue Estimate	18.84M	22.16M	23.24M	22.76M
Revenue Actual	20.98M	18.29M	21.93M	23.51M

To track all earnings releases for Granite Point Mortgage visit their earnings calendar here.

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