IVR Earnings Prediction
The chart below shows how IVR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IVR sees a -0.27% change in stock price 10 days leading up to the earnings, and a +1.47% change 10 days following the report. On the earnings day itself, the stock moves by -1.65%. This data can give you a slight idea of what to expect for the next quarter's release.
IVR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
111.65M
2890.04%
118.58%
Gross Margin
--
--
--
Operating Margin
36.47%
101.99%
-238.35%
Net Margin
36.47%
101.99%
-238.35%
EPS
0.63
138.89%
-265.79%
No Data Available
IVR Earnings Analysis
Invesco Mortgage Capital Inc. Corporation (IVR.N) Earnings Conference Call
Positive
Agency Mortgages Demand Surge: Agency Mortgages outperformed treasuries during the third quarter, indicating strong demand for Agency Mortgages.
Prepayment Speed Trends: Overall prepayment speeds remained at very low levels given limited housing activity and elevated mortgage rates, but speeds increased notably on higher coupons in September as the decline in mortgage rates over the summer led to a surge in refinancings in more recent originations.
Book Value Increase: The positive environment for mortgages contributed to a 1.1% increase in book value per common share to $9.37.
Quarterly Economic Return: Combined with our $0.40 common stock dividend, this resulted in an economic return of 5.4% for the quarter.
Book Value Decline: Our estimated book value is down approximately 5.8% since $9.30.
Negative
Prepayment Speed Trends: Overall prepayment speeds remained at very low levels given limited housing activity and elevated mortgage rates, but speeds increased notably on higher coupons in September as the decline in mortgage rates over the summer led to a surge in refinancings in more recent originations.
Book Value Decline and Debt Increase: Our estimated book value is down approximately 5.8% since 9.30. Our debt-to-equity ratio ended the second quarter at 6.1 times, up from 5.6 times as of June 30, while our economic debt-to-equity ratio increased from 5.9 times to 6.1 times quarter-over-quarter.
Earnings Per Share Decline: For the quarter, earnings available for distribution for common share was $0.68 compared to $0.86 in the second quarter. This decrease primarily reflects reduction in our effective net interest income related to changes in the size and composition of our hedging portfolio.
Funding and Repo Rate Trends: During the third quarter, funding rates declined in line with expectations from near-term monetary policy easing, while repo rates exhibited substantial volatility at quarter end given heavy U.S. treasury supply and increased demand for repo.
Interest Rate Sensitivity Adjustment: The sharp decline in interest rates led to further repositioning of the swap book as the interest rate sensitivity of our assets decreased, warranting a similar decrease in the weighted average maturity of our hedges.
IVR FAQs
How does IVR typically perform around its earnings report dates?
Is Invesco Mortgage Capital Inc. (IVR) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
IVR Earning Call Sentiment
Invesco Mortgage Capital Inc. (IVR) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IVR.N
-0.81%Positive
The earnings call summary presents a mixed picture. Basic financial performance and expenses show increased leverage and decreased earnings per share, which is negative. However, the increase in book value and strong liquidity position are positive. The Q&A section reveals concerns about market volatility and leverage, but management's responses are steady, indicating no significant changes. The dividend declaration is stable, but the lack of clear guidance on future dividends and increased leverage tempers optimism. Overall, the sentiment is neutral, with no strong catalysts for significant stock movement.
