Western Asset Mortgage Q4 Earnings Preview

Western Asset Mortgage WMC announces its next round of earnings Monday. Here is Benzinga's everything-that-matters guide for today's Q4 earnings announcement.

Earnings and Revenue

Wall Street expects EPS of 31 cents per share and sales around $19.7 million.

Western Asset Mortgage EPS in the same period a year ago totaled 52 cents per share and revenue was $26 million. The Wall Street estimate would represent a 40.38 percent decline in the company's earnings. Sales would be down 26.29 percent from the year-ago period.

In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Stock Performance

Over the past 52-week period, shares of Western Asset Mortgage have declined 10.97 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. The most common rating from analysts on Western Asset Mortgage stock is a Neutral. The strength of this rating has maintained conviction over the past three months.