NYSE$IVR
Invesco Mortgage Capital Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Invesco Mortgage Capital Inc. reported financial results for the third quarter of 2024.
Invesco Mortgage Capital Inc. reported a net income per common share of $0.63 and earnings available for distribution per common share of $0.68 for Q3 2024. The company's book value per common share increased to $9.37, resulting in an economic return of 5.4%.
- Net income per common share was $0.63, compared to a net loss of $0.38 in Q2 2024.
- Earnings available for distribution per common share was $0.68, compared to $0.86 in Q2 2024.
- Common stock dividend remained unchanged at $0.40 per common share.
- Book value per common share increased to $9.37, compared to $9.27 as of June 30, 2024.
Headline financials
Revenue & EPS history
Invesco Mortgage Capital · Revenue · Quarterly
$7.51M
Forward guidance
The anticipated easing of monetary policy should lead to a steeper yield curve and lower interest rate volatility, creating a favorable environment for Agency RMBS investments. However, risks including accelerating inflation, fiscal policy expectations and short-term funding pressures into year end could reduce investor demand for the sector in the near-term.
Tailwinds
- Normalization of monetary policy can benefit Agency mortgage performance.
- Attractive valuations in the sector.
- Supportive supply and demand technicals.
- Steeper yield curve expected due to easing monetary policy.
- Lower interest rate volatility expected due to easing monetary policy.
Headwinds
- Accelerating inflation could reduce investor demand.
- Fiscal policy expectations could reduce investor demand.
- Short-term funding pressures into year end could reduce investor demand.
- Risks related to macroeconomic factors.
- Potential reduction in investor demand in the near-term.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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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