Dynex Capital Inc reports results for the quarter ended in June - Earnings Summary

Dynex Capital

22/07/2024 14:32

* Dynex Capital Inc  DX.N  reported a quarterly adjusted
loss of 7
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -27
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 19 cents per share. Wall Street expected
results to range from -31 cents to -12 cents per share.
    * Revenue fell 56.1% to $-1.29 million from a year ago;
analysts
expected $-3.10 million. 
    * Dynex Capital Inc's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $10.23 million.
    * Dynex Capital Inc shares had risen by 3.3% this
quarter and
lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 54.8%
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 5 "strong buy" or "buy," 2
"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 Dynex Capital Inc
is $13.75 
This summary was machine generated from LSEG data July 22 at
01:31 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      -0.19          -0.07          Beat
 Mar. 31 2024      -0.09          -0.30          Missed
 Dec. 31 2023      -0.20          -0.24          Missed
 Sep. 30 2023      -0.11          -0.28          Missed