Granite Point Mortgage Earnings Outlook – Granite Point Mortgage (NYSE:GPMT)

Granite Point Mortgage GPMT will report its latest quarterly results on Tuesday, November 8, 2022. Here’s what investors should know before the announcement.

Analysts believe Granite Point Mortgage earnings per share (EPS) $0.21.

Granite Point Mortgage bulls expect the company to not only beat its estimates, but to announce that it will provide forward-looking guidance or projected growth for the next quarter.

New investors should be aware that it is guidance (or forecasts), not earnings fluctuations, that most affect stock prices.

Earnings performance in the past

The company missed EPS by $0.00 in the last quarter and then the stock fell 0.1% the next day.

Granite Point Mortgage’s historical performance and resulting price movements are as follows:







quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS forecast 0.22 0.04 0.23 0.10
EPS results 0.22 0.05 0.24 0.09
price volatility -0.1% 0.61% -2.46% 0.73%







quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS forecast 0.22 0.04 0.23 0.10
EPS results 0.22 0.05 0.24 0.09
price volatility -0.1% 0.61% -2.46% 0.73%

stock performance

Granite Point Mortgage shares were trading at $7.57 as of November 4th. Stocks are down 45.99% over the past 52 weeks. Given that these returns are generally negative, long-term shareholders may be unhappy with this earnings release.

To track all Granite Point Mortgage earnings releases, visit the earnings calendar on the site.

This article was generated by Benzinga’s automated content engine and reviewed by editors.

Leave a Comment