First Trust Mortgage Income Fund Past Earnings Performance
Past criteria checks 1/6
First Trust Mortgage Income Fund's earnings have been declining at an average annual rate of -42%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 5.5% per year. First Trust Mortgage Income Fund's return on equity is 2.7%, and it has net margins of 34.3%.
Key information
-42.0%
Earnings growth rate
-42.0%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 5.5% |
| Return on equity | 2.7% |
| Net Margin | 34.3% |
| Last Earnings Update | 31 Oct 2023 |
Recent past performance updates
No updates
Recent updates
First Trust Mortgage Income Fund declares $0.055 dividend
Feb 22First Trust Mortgage Income Fund declares $0.055 dividend
Jan 23First Trust Mortgage Income Fund declares $0.055 dividend
Dec 20First Trust Mortgage Income Fund declares $0.055 dividend
Oct 20First Trust Mortgage Income Fund declares $0.055 dividend
Sep 20First Trust Mortgage Income Fund declares $0.055 dividend
Aug 22First Trust Mortgage Income Fund goes ex dividend tomorrow
Jul 29First Trust Mortgage Income Fund declares $0.06 dividend
Dec 21First Trust Mortgage Income Fund declares $0.06 dividend
Nov 19Revenue & Expenses BreakdownBeta
How First Trust Mortgage Income Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Oct 23 | 4 | 1 | 1 | 0 |
| 31 Jul 23 | 4 | 1 | 1 | 0 |
| 30 Apr 23 | 3 | 1 | 1 | 0 |
| 31 Jan 23 | 3 | -2 | 1 | 0 |
| 31 Oct 22 | 3 | -5 | 1 | 0 |
| 31 Jul 22 | 3 | -4 | 1 | 0 |
| 30 Apr 22 | 3 | -2 | 1 | 0 |
| 31 Jan 22 | 3 | -1 | 1 | 0 |
| 31 Oct 21 | 3 | 1 | 1 | 0 |
| 31 Jul 21 | 3 | 1 | 1 | 0 |
| 30 Apr 21 | 3 | 2 | 1 | 0 |
| 31 Jan 21 | 3 | 1 | 1 | 0 |
| 31 Oct 20 | 3 | 1 | 1 | 0 |
| 31 Jul 20 | 2 | 1 | 1 | 0 |
| 30 Apr 20 | 2 | 1 | 1 | 0 |
| 31 Jan 20 | 2 | 2 | 1 | 0 |
| 31 Oct 19 | 2 | 3 | 1 | 0 |
| 31 Jul 19 | 3 | 3 | 1 | 0 |
| 30 Apr 19 | 3 | 2 | 1 | 0 |
| 31 Jan 19 | 3 | 2 | 1 | 0 |
| 31 Oct 18 | 3 | 1 | 1 | 0 |
| 31 Jul 18 | 3 | 2 | 1 | 0 |
| 30 Apr 18 | 3 | 2 | 1 | 0 |
| 31 Jan 18 | 2 | 3 | 1 | 0 |
| 31 Oct 17 | 2 | 3 | 1 | 0 |
| 31 Jul 17 | 1 | 3 | 1 | 0 |
| 30 Apr 17 | 1 | 3 | 1 | 0 |
| 31 Jan 17 | 1 | 2 | 1 | 0 |
| 31 Oct 16 | 1 | 2 | 1 | 0 |
| 31 Jul 16 | 2 | 1 | 1 | 0 |
| 30 Apr 16 | 2 | 0 | 1 | 0 |
| 31 Jan 16 | 4 | 0 | 1 | 0 |
| 31 Oct 15 | 5 | 0 | 1 | 0 |
| 31 Jul 15 | 6 | 0 | 1 | 0 |
| 30 Apr 15 | 6 | 0 | 1 | 0 |
| 31 Jan 15 | 6 | 1 | 1 | 0 |
| 31 Oct 14 | 6 | 2 | 1 | 0 |
| 31 Jul 14 | 6 | 2 | 1 | 0 |
| 30 Apr 14 | 6 | 3 | 1 | 0 |
| 31 Jan 14 | 6 | 4 | 1 | 0 |
| 31 Oct 13 | 7 | 4 | 1 | 0 |
| 31 Jul 13 | 8 | 6 | 1 | 0 |
Quality Earnings: FMY has a large one-off loss of $1.1M impacting its last 12 months of financial results to 31st October, 2023.
Growing Profit Margin: FMY became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FMY's earnings have declined by 42% per year over the past 5 years.
Accelerating Growth: FMY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FMY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: FMY's Return on Equity (2.7%) is considered low.