Capstead Mortgage Corporation (NYSE:CMO) operator of real estate investment trust, is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.18 per share.
Looking ahead, the full year income are expected at $ 0.68 per share on the revenues of $ 200.95 million.
Previous Quarter Performance
Capstead Mortgage Corporation disclosed income for the second quarter of $ 0.18 per share, from the revenue of $ 48.16 million. The quarterly earnings increased 50.00 percent while revenues shrunk 43.80 percent compared with the same quarter last year.
Wall street analysts are predicting, CMO to report 2Q20 income of $ 0.16 per share from revenue of $ 46.71 million. The bottom line results beat street analysts by $ 0.02 or 12.50 percent, at the same time, top line results outshined analysts by $ 1.45 million or 3.10 percent.
Stock Performance
Shares of Capstead Mortgage Corporation traded low $ 0.00 or 0.00 percent on Tuesday, reaching $ 5.61 with volume of 389.90 thousand shares. Capstead Mortgage Corporation has traded high as $ 5.72 and has cracked $ 5.59 on the downward trend
According to the previous trading day, closing price of $ 5.61, representing a 184.77 % increase from the 52 week low of $ 1.97 and a 33.37 % decrease over the 52 week high of $ 8.42.
The company has a market capital of $ 541.19 million and is part of the Real Estate sector and REIT – Residential industry.
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government. The company qualifies as a REIT for federal income tax purposes.
