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On Tuesday, November 03, Tremont Mortgage (NASDAQ: TRMT) will release its latest earnings report. Benzinga's outlook for Tremont Mortgage is included in the following report.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Tremont Mortgage EPS will likely be near $0.27 while revenue will be around $3.28 million, according to analysts. In the same quarter last year, Tremont Mortgage reported EPS of $0.26 on revenue of $2.97 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to report earnings in line when it publishes results Tuesday, quarterly profit would be up 3.85%. Sales would be up 10.55% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
Shares of Tremont Mortgage were trading at $2.86 as of October 29. Over the last 52-week period, shares are down 39.32%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Tremont Mortgage is scheduled to hold the call at 10:00:00 ET and can be accessed here.
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