Granite Level Mortgage Belief (GPMT) got here out with quarterly earnings of $0.34 per share, lacking the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.40 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -8.11%. 1 / 4 in the past, it was anticipated that this actual property funding belief would submit earnings of $0.38 per share when it really produced earnings of $0.34, delivering a shock of -10.53%.
Over the past 4 quarters, the corporate has not been capable of surpass consensus EPS estimates.
Granite Level Mortgage Belief, which belongs to the Zacks REIT and Fairness Belief business, posted revenues of $28.43 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 0.94%. This compares to year-ago revenues of $24.28 million. The corporate has not been capable of beat consensus income estimates during the last 4 quarters.
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