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

Dynex Capital

22/04/2024 14:31

* Dynex Capital Inc  DX.N  reported a quarterly adjusted
loss
of 30 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -16 cents.  The mean expectation of six analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -24 cents to 21 cents per share.
    * Revenue rose 590.9% to $-3.19 million from a year ago;
analysts
expected $-567.80 thousand. 
    * Dynex Capital Inc's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $38.2
million.
    * Dynex Capital Inc shares had fallen by 7.0% this
quarter and
lost 7.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 52.2%
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 4 "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 $14.00 
This summary was machine generated from LSEG data April 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
 Mar. 31 2024      -0.09          -0.30          Missed
 Dec. 31 2023      -0.20          -0.24          Missed
 Sep. 30 2023      -0.11          -0.28          Missed
 Jun. 30 2023      0.03           -0.27          Missed