AG Mortgage Investment Trust (MITT) to Report Q1 Results: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for AG Mortgage Investment Trust (MITT) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - AG Mortgage Investment Trust is expected to report quarterly earnings of $0.24 per share, reflecting a year-over-year increase of 14.3% [3]. - Revenues are projected to be $19 million, which is a 10.6% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.57% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for AG Mortgage Investment Trust aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the lack of recent analyst revisions makes it challenging to predict an earnings beat for AG Mortgage Investment Trust [11]. - The company has not surpassed consensus EPS estimates in the last four quarters, with a previous quarter's surprise of -5.26% [12][13]. Industry Comparison - In contrast, Redwood Trust (RWT) is expected to report earnings of $0.17 per share, a significant year-over-year increase of 112.5%, with revenues projected at $31.31 million, up 30.5% [17]. - Redwood Trust's consensus EPS estimate has been revised up by 9.6% in the last 30 days, resulting in a positive Earnings ESP of 3.85% and a Zacks Rank of 1, indicating a strong likelihood of beating the consensus [18].