AGNC Expenditure Corp. AGNC is scheduled to report to start with-quarter 2022 outcomes on Could 2, 2022, following the closing bell. The company’s success are predicted to replicate a year-over-calendar year decline in earnings.
This Bethesda, MD-based mostly mortgage loan genuine estate investment have faith in (mREIT) posted a fourth-quarter 2021 net distribute and greenback roll earnings per prevalent share (excluding approximated “catch-up” high quality amortization prices) of 75 cents for every share, beating the Zacks Consensus Estimate of 66 cents.
Modified internet fascination and dollar roll revenue (excluding capture-up high quality amortization) was $440 million, surpassing the Zacks Consensus Estimate of $418 million. The claimed figure, on the other hand, declined from the quarter-ago variety of $443 million.
More than the trailing 4 quarters, the firm surpassed the Zacks Consensus Estimate on all occasions. It has an earnings surprise of 17.6%, on average, for the claimed interval. The graph under depicts the surprise history:
AGNC Expense Corp. Cost and EPS Surprise
AGNC Expenditure Corp. price-eps-shock | AGNC Financial investment Corp. Estimate
Let us see how matters have shaped up prior to the initially-quarter earningsannouncement.
Significant volatility, significant distribute widening and a noteworthy maximize in benchmark charges resulted in a hard ecosystem in the initially quarter of 2022 for fixed-income marketplaces. Amid the market turbulence, Agency property finance loan-backed securities (MBS) underperformed. This is possible to have affected the company’s e-book price.
The company’s tangible guide worth is expected to have declined in the very first quarter. It documented an estimated tangible internet reserve worth of $13.48 for every common share as of Feb 28, 2022.This marks a drop from $15.75 noted at the finish of the prior quarter.
Mortgage loan originations, equally invest in and refinancing, ongoing to normalize in the