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.
Earnings
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.
Past Earnings Performance
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.
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