Western Asset Mortgage (NYSE:WMC) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:42 PM.
Here’s what investors need to know about the announcement.
Earnings
Western Asset Mortgage beat estimated earnings by 20.0%, reporting an EPS of $0.36 versus an estimate of $0.3.
Revenue was up $72 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 2.46% increase in the share price the next day.
Here’s a look at Western Asset Mortgage’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.31 | 0.65 | 0.42 | 0.6 |
| EPS Actual | 0.33 | 0.37 | 0.44 | 0.1 |
| Revenue Estimate | 5.55M | 9.17M | 8.62M | 7.58M |
| Revenue Actual | 4.77M | 5.70M | 6.24M | 4.28M |
To track all earnings releases for Western Asset Mortgage visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
