Agnc Investment Corp Reports Results For The Quarter Ended In September 30: Earnings Summary

AGNC Investment

21/10/2024 22:35

* AGNC Investment Corp  AGNC.OQ  reported quarterly adjusted
earnings of 43 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 65 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 50 cents
per share. Wall Street expected results to range from 34 cents
to 63 cents per share.
    * Revenue rose 20.8% to $-64.00 million from a year ago;
analysts
expected $25.03 million. 
    * AGNC Investment Corp's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $313 million.
    * AGNC Investment Corp shares had risen by 1.3% this
quarter and
gained 8.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $10.50 
This summary was machine generated from LSEG data October 21 at
09:35 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
 Sep. 30 2024      0.50           0.43           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