AGNC Investment, a real estate investment trust (REIT) focused on investing in mortgage-backed securities, recently reported its fourth-quarter earnings results. The company exceeded earnings estimates, reporting an EPS of $0.6, beating the estimated $0.58. However, revenue was down $51 million compared to the same period last year.
This positive earnings surprise is a continuation of AGNC Investment’s recent strong performance. In the previous quarter, the company beat EPS estimates by $0.03, which resulted in a 6.34% increase in the share price the following day.
To provide a broader perspective on AGNC Investment’s performance, let’s take a look at its past earnings:
– Q3 2023: EPS Estimate – $0.62, EPS Actual – $0.65, Revenue Estimate – $485.23M, Revenue Actual – $-53M
– Q2 2023: EPS Estimate – $0.62, EPS Actual – $0.67, Revenue Estimate – $378.86M, Revenue Actual – $-69M
– Q1 2023: EPS Estimate – $0.66, EPS Actual – $0.70, Revenue Estimate – $408.99M, Revenue Actual – $-98M
– Q4 2022: EPS Estimate – $0.65, EPS Actual – $0.74, Revenue Estimate – $401.90M, Revenue Actual – $25.00M
These numbers indicate a mix of better-than-expected and worse-than-expected performance across different quarters. However, it’s worth noting that AGNC Investment has consistently beaten EPS estimates, which is a positive sign for investors.
Investors looking to stay updated on AGNC Investment’s earnings releases can visit their earnings calendar on Benzinga’s website for comprehensive information.
It’s important to mention that this article was generated by Benzinga’s automated content engine and reviewed by an editor. As such, it’s crucial for investors to conduct their own research and seek professional advice before making any investment decisions.
In conclusion, AGNC Investment’s Q4 earnings results showed an EPS beat, although revenue was down compared to the same period last year. The company has a history of surpassing EPS estimates, which may be an encouraging sign for investors. However, it’s essential for investors to gather more information and consult with experts before making any investment choices.
