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- NYSE:TWO
Two Harbors Investment Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Two Harbors Investment (NYSE:TWO) Full Year 2024 Results
Key Financial Results
- Revenue: US$593.5m (up 131% from FY 2023).
- Net income: US$251.7m (up from US$153.2m loss in FY 2023).
- Profit margin: 42% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
- EPS: US$2.41 (up from US$1.60 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Two Harbors Investment EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates significantly.
In the last 12 months, the only revenue segment was Real Estate Investment Trust contributing US$593.5m. Explore how TWO's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 184% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 17%.
Performance of the American Mortgage REITs industry.
The company's shares are up 6.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Two Harbors Investment (2 can't be ignored!) that you need to take into consideration.
Valuation is complex, but we're here to simplify it.
Discover if Two Harbors Investment might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:TWO
Two Harbors Investment
Invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States.
Good value with adequate balance sheet.
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