AGNC Financial investment (AGNC) arrived out with quarterly earnings of $.76 for every share, beating the Zacks Consensus Estimate of $.64 for each share. This compares to earnings of $.58 per share a calendar year in the past. These figures are adjusted for non-recurring objects.
This quarterly report signifies an earnings surprise of 18.75%. A quarter in the past, it was anticipated that this authentic estate financial investment rely on would publish earnings of $.64 for every share when it essentially generated earnings of $.76, offering a shock of 18.75%.
More than the final four quarters, the business has surpassed consensus EPS estimates 4 times.
AGNC Investment, which belongs to the Zacks REIT and Equity Trust sector, posted revenues of $446 million for the quarter finished June 2021, surpassing the Zacks Consensus Estimate by 31.99%. This compares to yr-in the past revenues of $372 million. The company has topped consensus earnings estimates four instances about the final four quarters.
The sustainability of the stock’s quick price movement dependent on the just lately-produced numbers and long term earnings expectations will generally depend on management’s commentary on the earnings contact.
AGNC Financial investment shares have extra about 3.3% given that the beginning of the year compared to the S&P 500’s get of 17.5%.
What is Following for AGNC Expense?
Whilst AGNC Investment has underperformed the current market so significantly this year, the issue that comes to investors’ minds is: what is actually up coming for the inventory?
There are no simple responses to this crucial concern, but one particular trusted evaluate that can assistance traders deal with this is the company’s earnings outlook. Not only does this contain recent consensus earnings expectations for the coming quarter(s), but also how these expectations have changed recently.
Empirical analysis reveals a solid correlation involving around-time period inventory movements and traits in earnings estimate revisions. Investors can track these kinds of revisions by them selves or count on a attempted-and-tested score resource like the Zacks Rank, which has an outstanding track history of harnessing the energy of earnings estimate revisions.
Ahead of this earnings launch, the estimate revisions development for AGNC Financial investment was combined. Though the magnitude and path of estimate revisions could modify following the firm’s just-introduced earnings report, the latest status translates into a Zacks Rank #3 (Hold) for the inventory. So, the shares are predicted to conduct in line with the sector in the close to long run. You can see the finish list of today’s Zacks #1 Rank (Robust Obtain) stocks below.
It will be intriguing to see how estimates for the coming quarters and existing fiscal calendar year change in the days ahead. The existing consensus EPS estimate is $.64 on $340.8 million in revenues for the coming quarter and $2.65 on $1.47 billion in revenues for the current fiscal calendar year.
Traders must be mindful of the fact that the outlook for the business can have a substance effects on the effectiveness of the inventory as effectively. In conditions of the Zacks Business Rank, REIT and Equity Have faith in is presently in the base 21% of the 250 furthermore Zacks industries. Our research displays that the top rated 50% of the Zacks-ranked industries outperform the base 50% by a issue of additional than 2 to 1.
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AGNC Investment decision Corp. (AGNC) : Free of charge Stock Investigation Report
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