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

AGNC Investment

22/07/2024 22:21

* AGNC Investment Corp  AGNC.OQ  reported quarterly adjusted
earnings of 53 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 67 cents.  The mean expectation of fourteen analysts for
the quarter was for earnings of 54 cents per share. Wall Street
expected results to range from 43 cents to 60 cents per share.
    * Revenue fell 95.7% to $-3.00 million from a year ago;
analysts
expected $-36.87 million. 
    * AGNC Investment Corp's reported EPS for the quarter was a
loss
of 11 cents​.
    * The company reported a quarterly loss of $80 million.
    * AGNC Investment Corp shares had risen by 7.1% this
quarter and
gained 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $10.00 
This summary was machine generated from LSEG data July 22 at
09:21 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
 Jun. 30 2024      0.54           0.53           Missed
 Mar. 31 2024      0.57           0.58           Beat
 Dec. 31 2023      0.59           0.60           Beat
 Sep. 30 2023      0.62           0.65           Beat