Invesco Mortgage Capital Inc. Second Quarter Earnings Sneak Peek

Invesco Mortgage Capital Inc. (NASDAQ:IVR) will unveil its latest earnings on Thursday, July 28, 2011. 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 estimate of analysts is for profit of 99 cents per share, a rise of 8.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting net income of $3.99 per share, a rise of 14.3% from last year.

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Wall St. Revenue Expectations: On average, analysts predict $78.8 million in revenue this quarter, a rise of more than threefold from the year ago quarter. Analysts are forecasting total revenue of $305.3 million for the year, a rise of more than twofold from last year’s revenue of $104.7 million.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose more than threefold to $74.1 million while the figure rose more than threefold in the fourth quarter of the last fiscal year from the year earlier and more than threefold in the third quarter of the last fiscal year.

Competitors to Watch: Two Harbors Investment Corp (AMEX:TWO), Hatteras Financial Corp. (NYSE:HTS), Capstead Mortgage Corp. (NYSE:CMO), Annaly Capital Management, Inc. (NYSE:NLY), Eastern Light Capital, Inc. (AMEX:ELC), Newcastle Investment Corp. (NYSE:NCT), Cypress Sharpridge Investments, Inc. (NYSE:CYS), Crexus Investment Corp (NYSE:CXS), Chimera Investment Corp. (NYSE:CIM), and Apollo Commercial Real Est. Finance Inc (NYSE:ARI).

Stock Price Performance: During July 18, 2011 to July 22, 2011, the stock price had risen 43 cents (2.1%) from $20.77 to $21.20. The stock price saw one of its best stretches over the last year between April 18, 2011 and May 2, 2011 when shares rose for 10-straight days, rising 7.3% (+$1.49) over that span. It saw one of its worst periods between June 9, 2011 and June 17, 2011 when shares fell for seven-straight days, falling 3.6% (-79 cents) over that span. Shares are up $1.21 (+6.1%) year to date.

(Source: Xignite Financials)

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