• Granite Point Mortgage Trust Inc GPMT.N reported a quarterly adjusted loss of 57 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of three analysts for the quarter was for a loss of 73 cents per share. Wall Street expected results to range from -82 cents to -60 cents per share.

• Revenue fell 35.8% to $8.04 million from a year ago; analysts expected $8.86 million.

• Granite Point Mortgage Trust Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $10.62 million.

• Granite Point Mortgage Trust Inc shares had fallen by 26.5% this quarter and lost 31.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "hold"

• Wall Street's median 12-month price target for Granite Point Mortgage Trust Inc is $2.38

This summary was machine generated from LSEG data May 7 at 12:54 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)