• Granite Point Mortgage Trust Inc GPMT.N reported a quarterly adjusted loss of $1.98​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of four analysts for the quarter was for a loss of $1.31 per share. Wall Street expected results to range from $-1.58 to -69 cents per share.

• Revenue fell 56.3% to $7.57 million from a year ago; analysts expected $9.71 million.

• Granite Point Mortgage Trust Inc's reported EPS for the quarter was a loss of 86 cents​.

• The company reported a quarterly loss of $42.44 million.

• Granite Point Mortgage Trust Inc shares had risen by 10.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 181.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the specialized reits peer group is "hold."

Wall Street's median 12-month price target for Granite Point Mortgage Trust Inc is $3.75

This summary was machine generated from LSEG data February 13 at 11:31 p.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)