Earnings Outlook For Western Asset Mortgage

Western Asset Mortgage WMC is set to give its latest quarterly earnings report on Thursday, 2023-03-02. Here's what investors need to know before the announcement.

Analysts estimate that Western Asset Mortgage will report an earnings per share (EPS) of $0.31.

Western Asset Mortgage bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.28, which was followed by a 1.63% increase in the share price the next day.

Here's a look at Western Asset Mortgage's past performance and the resulting price change:

Stock Performance

Shares of Western Asset Mortgage were trading at $10.13 as of February 28. Over the last 52-week period, shares are down 94.44%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for Western Asset Mortgage visit their earnings calendar on our site.

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