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

AGNC Investment

22/04/2024 22:01

* AGNC Investment Corp  AGNC.OQ  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 70 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 57 cents per share. Wall Street
expected results to range from 52 cents to 64 cents per share.
    * Revenue fell 69.4% to $-30.00 million from a year ago;
analysts
expected $473.78 million. 
    * AGNC Investment Corp's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $412 million.
    * AGNC Investment Corp shares had fallen by 7.6% this
quarter and
lost 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 8 "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 April 22 at
09:01 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
 Mar. 31 2024      0.57           0.58           Beat
 Dec. 31 2023      0.59           0.60           Beat
 Sep. 30 2023      0.62           0.65           Beat
 Jun. 30 2023      0.63           0.67           Beat