AGNC Investment (AGNC) is scheduled to release its latest quarterly earnings report on Monday, January 22, 2024. Investors are eagerly anticipating this announcement and here’s what they should know beforehand.
Analysts have estimated that AGNC Investment will report earnings per share (EPS) of $0.58. Bulls of AGNC Investment will be hoping for the company to not only beat this estimate but also provide positive guidance or forecasted growth for the next quarter. It’s important to note that for new investors, it is often the guidance or forecast that has the most significant impact on the stock price, rather than whether the earnings beat or miss expectations.
Looking at AGNC Investment’s historical earnings performance, last quarter the company exceeded EPS by $0.03, resulting in a 6.34% increase in the share price the following day. Here’s a breakdown of AGNC Investment’s past performance and the corresponding price changes:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022
————–|———|———|———|———
EPS Estimate | 0.62 | 0.62 | 0.66 | 0.65
EPS Actual | 0.65 | 0.67 | 0.70 | 0.74
Price Change %| 6.34% | 1.36% | -2.99% | 2.84%
As of January 18, AGNC Investment shares were trading at $9.76. Over the last 52-week period, shares have declined by 15.28%. Given these negative returns, long-term shareholders are likely to have a bearish sentiment leading up to this earnings release.
It’s worth noting that investors can track all earnings releases for AGNC Investment by visiting their earnings calendar on the Benzinga website.
In conclusion, AGNC Investment’s upcoming quarterly earnings report is highly anticipated by investors. The company will need to surpass the estimated EPS and provide positive guidance to satisfy bullish expectations. With the stock experiencing negative returns in the past year, shareholders may approach this earnings release with caution.
