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Capstead Mortgage (NYSE: CMO) announces its next round of earnings this Wednesday, July 29. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
Earnings and Revenue
Based on Capstead Mortgage management projections, analysts predict EPS of $0.16 on revenue of $46.71 million. Capstead Mortgage reported a profit of $0.120 per share when it published results during the same quarter last year. Sales in that period totaled $85.70 million. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be up 33.33%. Revenue would be down 28.14% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.14 | 0.09 | 0.09 | 0.08 |
| EPS Actual | 0.16 | 0.15 | 0.11 | 0.12 |
| Revenue Estimate | 65.00 M | 73.00 M | 80.00 M | 71.00 M |
| Revenue Actual | 69.63 M | 74.28 M | 78.76 M | 85.70 M |
Stock Performance
Over the past 52-week period, shares of Capstead Mortgage have declined 27.64%.
With these returns, shareholders are likely feeling neutral going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Capstead Mortgage is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/captead/mediaframe/39647/indexr.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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