AGNC Investment (NASDAQ:AGNC) is gearing up to announce its quarterly earnings on Monday, 2024-10-21. Here's a quick overview of what investors should know before the release.
Analysts are estimating that AGNC Investment will report an earnings per share (EPS) of $0.51.
AGNC Investment bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
During the last quarter, the company reported an EPS missed by $0.01, leading to a 0.68% increase in the share price on the subsequent day.
Here's a look at AGNC Investment's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.54 | 0.57 | 0.58 | 0.62 |
| EPS Actual | 0.53 | 0.58 | 0.60 | 0.65 |
| Price Change % | 1.0% | 2.0% | 1.0% | 6.0% |
Stock Performance
Shares of AGNC Investment were trading at $10.46 as of October 17. Over the last 52-week period, shares are up 30.52%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for AGNC Investment visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
