Agnc Investment Corp Reports Results For The Quarter Ended In December: Earnings Summary

AGNC Investment

22/01/2024 22:02

* AGNC Investment Corp  AGNC.OQ  reported quarterly adjusted
earnings of 60 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 74 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 59 cents per
share. Wall Street expected results to range from 44 cents to 65
cents per share.
    * Revenue rose 204% to $-26.00 million from a year ago;
analysts
expected $331.91 million. 
    * AGNC Investment Corp's reported EPS for the quarter was 57
cents​.
    * The company reported quarterly net income of $381 million.
    * AGNC Investment Corp shares had fallen by 0.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for AGNC Investment
Corp is $9.50 
This summary was machine generated from LSEG data January 22 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.59           0.60           Beat
 Sep. 30 2023      0.62           0.65           Beat
 Jun. 30 2023      0.63           0.67           Beat
 Mar. 31 2023      0.65           0.70           Beat