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Western Asset Mortgage (NYSE:WMC) is set to give its latest quarterly earnings report on Thursday, 2023-05-04. Here's what investors need to know before the announcement.
Analysts estimate that Western Asset Mortgage will report an earnings per share (EPS) of $0.30.
Western Asset Mortgage bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Last quarter the company beat EPS by $0.02, which was followed by a 2.46% increase in the share price the next day.
Here's a look at Western Asset Mortgage's past performance and the resulting price change:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.31 | 0.65 | 0.42 | 0.6 |
| EPS Actual | 0.33 | 0.37 | 0.44 | 0.1 |
| Price Change % | 2.46% | 1.63% | 15.95% | -7.59% |
Shares of Western Asset Mortgage were trading at $8.34 as of May 02. Over the last 52-week period, shares are down 43.63%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Western Asset Mortgage visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: WMC
