CreXus Investment Second Quarter Earnings Sneak Peek

CreXus Investment Corporation (NASDAQ:CXS) will unveil its latest earnings on Monday, July 25, 2011. CreXus Investment Corp. acquires, manages, and finances, directly or through its subsidiaries, commercial mortgage loans & other commercial real estate debt, commercial mortgage-backed securities & other commercial real estate-related assets.

CreXus Investment Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 25 cents per share, a rise of 92.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 24 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $1.08 per share, a rise of 71.4% from last year.

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Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Competitors to Watch: Annaly Capital Management, Inc. (NYSE:NLY), Chimera Investment Corp. (NYSE:CIM), Apollo Commercial Real Est. Finance Inc (NYSE:ARI), Newcastle Investment Corp. (NYSE:NCT), Realty Finance Corporation (RTYFZ), iStar Financial Inc. (NYSE:SFI), Invesco Mortgage Capital Inc (NYSE:IVR), Two Harbors Investment Corp (AMEX:TWO), Hatteras Financial Corp. (NYSE:HTS), and Eastern Light Capital, Inc. (AMEX:ELC).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen 70 cents (6.7%) from $10.49 to $11.19. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 8.5% (+88 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 10, 2011 when shares fell for nine-straight days, falling 8.7% (-96 cents) over that span. Shares are down $1.38 (-11%) year to date.

(Source: Xignite Financials)

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