Published on 2 Nov 2023 on Zacks via Yahoo Finance

What's in the Cards for Invesco Mortgage's (IVR) Q3 Earnings?

Invesco Mortgage Capital Inc. IVR is scheduled to report third-quarter and 2023 results on Nov 6, after market close. The company’s quarterly earnings available for distribution per common share are expected to have improved year over year.

In the last reported quarter, this mortgage real estate investment trust (mREIT), which invests in, finances and manages mortgage-backed securities (MBS) and other mortgage-related assets, posted earnings available for distribution per common share of $1.45. The metric surpassed the Zacks Consensus Estimate of $1.07. It witnessed a decline in net interest income (NII) and total expenses.

Notably, IVR has an impressive earnings surprise history. It surpassed estimates in the trailing four quarters, delivering an earnings surprise of 54.2%, on average.