AGNC Stock Under Pressure Ahead Of Q3 Earnings: Retail Sentiment Tepid

Shares of real estate firm AGNC traded nearly 2% lower (1:08 PM ET) ahead of its third quarter earnings on Monday afternoon, with retail sentiment staying cautious.

Bethesda, MD.-based AGNC, which operates a real estate investment trust, is expected to report earnings per share (EPS) of $0.50 on estimated revenues of $707.77 million quoted by analysts.

Retail sentiment on Stocktwits was ‘neutral’ (48/100) compared to ‘bullish’ a month ago.

In the last earnings, AGNC posted $0.53 in EPS, missing analyst estimates by 1.65%.  

However, earlier this month, it declared a cash dividend of $0.12 per share of common stock for October 2024.

AGNC went public in 2008. It has declared $13.4 billion in common stock dividends since then.

In September, Wells Fargo analyst Donald Fandetti upgraded AGNC’s rating to ‘Overweight’ from ‘Equal Weight’ with a price target of $12, increased from $10, the Fly reported.

AGNC stock is up 7.6% year-to-date.
 

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