Invesco Mortgage Capital Inc. Third Quarter Earnings Sneak Peek

Invesco Mortgage Capital Inc. (NYSE:IVR) will unveil its latest earnings on Thursday, November 3, 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 87 cents per share, a decline of 13% 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 97 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 92 cents during the last month. For the year, analysts are projecting net income of $3.74 per share, a rise of 7.2% from last year.

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Wall St. Revenue Expectations: On average, analysts predict $94.3 million in revenue this quarter, a rise of more than threefold from the year ago quarter. Analysts are forecasting total revenue of $321.9 million for the year, a rise of more than threefold from last year’s revenue of $104.7 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose more than threefold to $73 million (99 cents a share) from $20.8 million (91 cents a share) the year earlier. Revenue rose more than threefold to $115.5 million from $31.2 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of more than threefold, with the biggest boost coming in the first quarter when revenue rose more than threefold from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose more than fourfold in the first quarter and more than fourfold in the fourth 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 September 30, 2011 to October 28, 2011, the stock price had risen $2.00 (14.2%) from $14.13 to $16.13. 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% (+$1.42) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 11.5% (-$1.89) over that span. Shares are down $2.92 (-15.3%) year to date.

(Source: Xignite Financials)

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