NYSE$IVR

Invesco Mortgage Capital Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended March 31, 2021.

Invesco Mortgage Capital Inc. reported a net loss of $0.09 per common share and core earnings of $0.11 per common share for Q1 2021. The company successfully deployed $161.0 million into Agency RMBS investments and maintained a sizeable balance of unrestricted cash and unencumbered investments totaling $692.9 million.

  • Net loss per common share was $0.09, compared to net income per common share of $0.59 in Q4 2020.
  • Core earnings per common share were $0.11, compared to $0.10 per common share in Q4 2020.
  • Common stock dividend was $0.09 per common share, compared to $0.08 per common share in Q4 2020.
  • Book value per common share was $3.65, compared to $3.86 per common share at Q4 2020.

Headline financials

Total Revenue

$41.7M

Previous: $101M-58.7%
EPS (adj)

$1.10

Previous: $2.80-60.7%
Debt-to-Equity Ratio

5.6

Previous: 5.4+3.7%
Economic Debt-to-Equity Ratio

6.6

No prior period
Free Cash Flow

-$9.28M

Previous: -$1.62B+99.4%
Net Income

-$9.28M

Previous: -$1.62B+99.4%
Operating Income

$34.8M

Previous: $87M-60.0%
Gross Profit

$41.7M

Previous: $101M-58.7%
Cash & Equivalents

$198M

Previous: $143M+38.4%
Total Assets

$9.76B

Previous: $9.78B-0.1%

Revenue & EPS history

Invesco Mortgage Capital · Revenue · Quarterly

$41.7M

Q1 2021-58.7%vs Q1 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

Slowing prepayment speeds and persistent demand from the Federal Reserve are expected to provide support for Agency RMBS valuations as we move into the second quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-2.8%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+13.3%

Q3 2020

Best reaction

-8.4%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+1.7%-2.7%
Q4 2025-3.4%-0.1%-5.3%
Q3 2025+0.3%+0.4%+9.2%
Q2 2025-0.4%-0.4%-1.7%
Q1 2025+1.8%+3.8%+3.0%
Q4 2024-0.9%-1.3%-3.1%
Q3 2024-1.0%+3.5%+3.7%
Q2 2024+1.4%-0.5%+0.1%
Q1 2024+1.4%+1.4%+0.4%
Q4 2023-0.1%+2.1%+9.2%
Q3 2023-3.6%-4.4%+2.8%
Q2 2023-2.2%-1.9%-3.4%
Q1 2023+6.6%+4.6%+3.7%
Q4 2022-4.2%-6.1%-23.3%
Q3 2022-2.2%+2.0%+14.3%
Q2 2022+2.0%+1.9%-7.9%
Q1 2022-8.1%-9.7%-5.4%
Q4 2021-6.3%-11.4%-13.7%
Q3 2021+1.9%+2.8%-7.8%
Q2 2021-6.7%-7.9%-9.6%
Q1 2021-5.2%-7.3%-12.3%
Q4 2020+3.2%+5.1%+4.9%
Q3 2020+13.3%+11.8%+17.8%
Q2 2020+3.8%+3.8%-8.9%
Q1 2020-3.7%-15.4%-21.9%
Q4 2019+0.5%-0.8%-69.4%
Q3 2019+3.5%+2.9%+5.1%
Q2 2019+2.6%+1.7%-7.5%
Q1 2019-0.2%-0.7%-1.6%
Q4 2018-0.4%+0.0%+0.7%
Q3 2018-0.8%-0.1%+2.1%
Q2 2018-1.4%-1.9%+1.3%
Q1 2018+2.3%-0.1%+1.6%
Q4 2017-2.1%-1.3%-0.1%
Q3 2017-1.5%-1.7%+7.5%
Q2 2017+1.9%+0.8%+0.5%
Q1 2017+0.4%-2.9%+2.7%
Q4 2016-0.2%-1.4%-2.6%
Q3 2016+0.7%+0.1%-2.1%
Q2 2016+4.7%+5.7%+7.7%
Q1 2016+4.4%
Q4 2015+5.1%
Q3 2015+2.3%
Q2 2015+0.3%
Q1 2015+1.0%
Q4 2014+3.4%
Q3 2014-2.4%
Q2 2014+0.5%
Q1 2014+0.3%
Q4 2013-1.8%
Q3 2013-8.4%
Q2 2013-3.3%
Q1 2013-3.4%
Q4 2012-1.1%
Q4 2011-1.3%
Q3 2012+1.3%
Q2 2012-2.5%
Q1 2012-0.3%
Q3 2011-1.0%
Q2 2011+4.8%
Q1 2011+0.5%
Q4 2010+0.6%
Q3 2010-1.5%
Q2 2010-0.6%
Q1 2010-1.0%

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