Western Asset Mortgage Capital Past Earnings Performance
Past criteria checks 0/6
Western Asset Mortgage Capital's earnings have been declining at an average annual rate of -7.7%, while the Mortgage REITs industry saw earnings growing at 4.6% annually. Revenues have been declining at an average rate of 8.9% per year.
Key information
-7.7%
Earnings growth rate
-8.1%
EPS growth rate
| Mortgage REITs Industry Growth | 4.5% |
| Revenue growth rate | -8.9% |
| Return on equity | -14.9% |
| Net Margin | -128.5% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Western Asset Mortgage Capital: Little Chance Of Recovery In My Opinion
May 31Western Asset Mortgage Capital declares $0.40 dividend
Dec 21Western Asset Mortgage Capital Non-GAAP EPS of $0.37, net interest income of $5.7M
Nov 04Western Asset Mortgage Capital declares $0.40 dividend
Sep 22Western Asset Mortgage Capital Non-GAAP EPS of $0.44
Aug 04Western Asset Mortgage Capital prices $351.9M mortgage-backed notes
Jul 08Western Asset Mortgage Capital announced 1-for-10 reverse stock split
Jun 30Western Asset Mortgage Capital: Recent Dividend Cut And Declining Book Value
May 02Western Asset Mortgage Capital misses on revenue
May 05Western Asset Mortgage Capital: Risks From Commercial Portfolio In The Limelight
Jan 07Western Asset Mortgage investment chief exits; WMC buys $10M of its notes
Dec 31Western Asset Mortgage Capital raises dividend to $0.06
Dec 17Western Asset Mortgage Capital Corporation 2020 Q3 - Results - Earnings Call Presentation
Nov 09Western Asset Mortgage Capital misses on revenue
Nov 05Revenue & Expenses Breakdown
How Western Asset Mortgage Capital 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 |
|---|---|---|---|---|
| 30 Sep 23 | 9 | -12 | 13 | 0 |
| 30 Jun 23 | -21 | -43 | 14 | 0 |
| 31 Mar 23 | -37 | -57 | 14 | 0 |
| 31 Dec 22 | -63 | -89 | 14 | 0 |
| 30 Sep 22 | -74 | -101 | 14 | 0 |
| 30 Jun 22 | -40 | -65 | 15 | 0 |
| 31 Mar 22 | -57 | -83 | 15 | 0 |
| 31 Dec 21 | -29 | -49 | 16 | 0 |
| 30 Sep 21 | -7 | -26 | 16 | 0 |
| 30 Jun 21 | 58 | 38 | 17 | 0 |
| 31 Mar 21 | 101 | 61 | 16 | 0 |
| 31 Dec 20 | -289 | -328 | 16 | 0 |
| 30 Sep 20 | -286 | -327 | 15 | 0 |
| 30 Jun 20 | -326 | -367 | 15 | 0 |
| 31 Mar 20 | -318 | -339 | 15 | 0 |
| 31 Dec 19 | 93 | 70 | 15 | 0 |
| 30 Sep 19 | 63 | 40 | 14 | 0 |
| 30 Jun 19 | 65 | 42 | 15 | 0 |
| 31 Mar 19 | 56 | 32 | 15 | 0 |
| 31 Dec 18 | 50 | 26 | 17 | 0 |
| 30 Sep 18 | 89 | 65 | 16 | 0 |
| 30 Jun 18 | 88 | 67 | 15 | 0 |
| 31 Mar 18 | 108 | 86 | 15 | 0 |
| 31 Dec 17 | 106 | 85 | 15 | 0 |
| 30 Sep 17 | 46 | 25 | 17 | 0 |
| 30 Jun 17 | 60 | 35 | 18 | 0 |
| 31 Mar 17 | 55 | 31 | 19 | 0 |
| 31 Dec 16 | 0 | -25 | 20 | 0 |
| 30 Sep 16 | 21 | -7 | 20 | 0 |
| 30 Jun 16 | -15 | -42 | 21 | 0 |
| 31 Mar 16 | -33 | -61 | 21 | 0 |
| 31 Dec 15 | 11 | -11 | 20 | 0 |
| 30 Sep 15 | 68 | 25 | 20 | 0 |
| 30 Jun 15 | 71 | 53 | 21 | 0 |
| 31 Mar 15 | 146 | 122 | 20 | 0 |
| 31 Dec 14 | 118 | 100 | 18 | 0 |
| 30 Sep 14 | 106 | 105 | 17 | 0 |
| 30 Jun 14 | 87 | 86 | 16 | 0 |
| 31 Mar 14 | -59 | -9 | 14 | 0 |
| 31 Dec 13 | -79 | -29 | 14 | 0 |
| 30 Sep 13 | -27 | 4 | 17 | 0 |
| 31 Dec 12 | 112 | 86 | 9 | 0 |
Quality Earnings: WMC is currently unprofitable.
Growing Profit Margin: WMC is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WMC is unprofitable, and losses have increased over the past 5 years at a rate of 7.7% per year.
Accelerating Growth: Unable to compare WMC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WMC is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-25.6%).
Return on Equity
High ROE: WMC has a negative Return on Equity (-14.88%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/07 16:46 |
| End of Day Share Price | 2023/12/05 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Western Asset Mortgage Capital Corporation is covered by 10 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Hewett | BofA Global Research |
| Jason Stewart | Compass Point Research & Trading, LLC |
| Stephen Laws | Deutsche Bank |