AGNC Investment Corp. (NASDAQ:AGNC) is reporting third quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, AGNC is expected to report 3Q20 income of $ 0.56 per share from revenue of $ 366.27 million.
For the full year, analysts anticipate top line of $ 1051.49 million, while looking forward to income of $ 2.26 per share bottom line.
Previous Quarter Performance
AGNC Investment Corp. announced income for the second quarter of $ 0.58 per share, from the revenue of $ 295.00 million. The quarterly earnings boosted 18.37 percent while revenues extended 139.84 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.46 per share from $ 308.04 million in revenue. The bottom line results beat street analysts by $ 0.12 or 26.09 percent, at the same time, top line results fell short of analysts by $ 13.04 million or 4.23 percent.
Stock Performance
On Friday, shares of AGNC Investment Corp. has traded high as $ 14.29 and has cracked $ 14.04 on the downward trend, reaching $ 14.19 with volume of 4.32 million shares.
According to the previous trading day, closing price of $ 14.19, representing a 123.84 % increase from the 52 week low of $ 6.25 and a 28.8 % decrease over the 52 week high of $ 19.65.
The company has a market capital of $ 7.88 billion and is part of the Real Estate sector and REIT – Residential industry.
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency.
