Invesco Mortgage Capital (IVR) closed the most recent trading day at $8.26, moving +1.23% from the previous trading session.
We take a look at the action in preferreds and baby bonds through the second week of November and highlight some of the key themes we are watching. Preferred stocks had a strong week with a 2% total return, supported by a Treasury rally and narrowing credit spreads. Invesco Mortgage Capital is redeeming its floating-rate preferred IVR.PR.B, which will raise equity coverage.
Invesco Mortgage Capital (IVR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Invesco Mortgage Capital Inc. (NYSE:IVR ) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Greg Seals - Investor Relations John Anzalone - Chief Executive Officer Kevin Collins - President Mark Gregson - Interim Chief Financial Officer David Lyle - Chief Operating Officer Brian Norris - Chief Investment Officer Conference Call Participants Jason Weaver - JonesTrading Trevor Cranston - JMP Securities Jason Stewart - Janney Montgomery Scott Eric Hagen - BTIG Doug Harter - UBS Securities Operator Welcome to the Invesco Mortgage Capital's Third Quarter 2024 Earnings Call. All participants will be a in a listen-only mode until the question-and-answer session.
Invesco Mortgage Capital (IVR) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.51 per share a year ago.
In the latest trading session, Invesco Mortgage Capital (IVR) closed at $8.06, marking a -0.12% move from the previous day.
Recently, Zacks.com users have been paying close attention to Invesco Mortgage Capital (IVR). This makes it worthwhile to examine what the stock has in store.
Invesco Mortgage Capital (IVR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Invesco Mortgage Capital (IVR) reachead $8.31 at the closing of the latest trading day, reflecting a -1.66% change compared to its last close.
Invesco Mortgage Capital (IVR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Invesco Mortgage Capital (IVR) concluded the recent trading session at $8.41, signifying a -0.59% move from its prior day's close.
In the closing of the recent trading day, Invesco Mortgage Capital (IVR) stood at $8.62, denoting a +1.17% change from the preceding trading day.