Two Harbors Investment (NYSE:TWO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$136.8m (down 43% from 2Q 2023).

• Net income: US$44.6m (down 76% from 2Q 2023).

• Profit margin: 33% (down from 78% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.

• EPS: US$0.43 (down from US$1.94 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Two Harbors Investment EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.1%.

Looking ahead, revenue is expected to decline by 153% p.a. on average during the next 2 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 43%.

Performance of the American Mortgage REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Two Harbors Investment (1 is potentially serious!) that we have uncovered.

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