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Buyers of AGNC Funding (NASDAQ:AGNC) might don’t have anything to be enthusiastic about within the firm’s Q3 earnings announcement.
With the corporate estimating decrease outcomes for itself and market sentiments weak for the mortgage REIT sector typically, the possibilities for a climb in share costs appear unlikely.
AGNC is scheduled to announce Q3 earnings outcomes on Monday, October twenty fourth, after market shut.
The consensus EPS estimate is $0.69 (-8.0% Y/Y) and consensus income estimate is $363.05M (+30.1% Y/Y).
Over the past 2 years, AGNC has overwhelmed EPS estimates 100% of the time and income estimates 63% of the time.
Over the past 3 months, EPS estimates have seen 9 upward revisions and 1 downward revision. Income estimates have seen 4 upward revisions and a pair of downward revisions.
The corporate’s preliminary estimates for Q3 was disappointing, with tangible web guide worth per widespread share estimated to be between $9.06 and $9.10 per share. The worth stood at $11.43 as of Jun. 30.
Complete loss per widespread share was estimated to be between $1.99 and $2.03 per share. This compares to an revenue of $0.37 in Q3 of 2021.
Market sentiments will not be significantly in favor of mortgage REITs, both.
They’re poor enterprise fashions, and all of them needs to be offered, in keeping with Looking for Alpha Creator Thomas Lott.
The guide values seem like down throughout the sector, Creator Colorado Wealth Administration Fund stated, who additionally opines that the magnitude of losses has been a lot smaller than anticipated in some circumstances.
VanEck Vectors Mortgage REIT Earnings ETF (MORT) has misplaced ~41% of its worth year-to-date.
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