Invesco Mortgage Capital Inc. First Quarter Earnings Sneak Peek

Invesco Mortgage Capital Inc. (NYSE:IVR) will unveil its latest earnings on Tuesday, May 8, 2012. Invesco Mortgage Capital is a real estate investment trust that acquires, finances and manages residential and commercial mortgage-backed securities and mortgage loans.

Invesco Mortgage Capital Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 65 cents per share, a decline of 35.6% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 65 cents during the last month. For the year, analysts are projecting net income of $2.63 per share, a decline of 19.6% from last year.

Past Earnings Performance: The company is looking to come atop of analysts’ forecasts after falling short last quarter. It missed last quarter’s consensus estimate as it reported profit of 66 cents per share against a consensus estimate of net income of 68 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 56.7% in revenue from the year-earlier quarter to $83 million.

Analyst Ratings: Analysts seem relatively indifferent about Invesco Mortgage Capital with six of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 91.8% to $75.6 million (57 cents a share) from $39.4 million ($1.04 a share) the year earlier, but fell short analyst expectations. Revenue rose more than twofold to $136.6 million from $55.7 million.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of more than threefold over the last four quarters.

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose more than threefold in the second quarter of the last fiscal year and more than threefold in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price rose $2.37 (15.6%), from $15.21 to $17.58. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 26, 2012, when shares rose for nine straight days, increasing 13.2% (+$1.78) over that span. It saw one of its worst periods between March 30, 2012 and April 10, 2012 when shares fell for seven straight days, dropping 5.8% (-$1.02) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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