We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why AGNC Investment (AGNC) is Poised to Beat Earnings Estimates
Read MoreHide Full Article
Looking for a stock that might be in a good position to beat earnings at its next report? Consider AGNC Investment Corp. (AGNC - Free Report) , a firm in the REIT and Equity Trust industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, AGNC has beaten estimates by at least 5% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, AGNC expected to post earnings of 51 cents per share, while it actually produced earnings of 56 cents per share, a beat of 9.8%. Meanwhile, for the most recent quarter, the company looked to deliver an earnings of 55 cents per share, when it actually saw earnings of 64 cents per share instead, representing a 16.4% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for AGNC Investment. In fact, the Earnings ESP for AGNC is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for AGNC, as the firm currently has a Zacks Earnings ESP of 1.56%, so another beat could be around the corner.
This is particularly true when you consider that AGNC has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that AGNC could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why AGNC Investment (AGNC) is Poised to Beat Earnings Estimates
Looking for a stock that might be in a good position to beat earnings at its next report? Consider AGNC Investment Corp. (AGNC - Free Report) , a firm in the REIT and Equity Trust industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, AGNC has beaten estimates by at least 5% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, AGNC expected to post earnings of 51 cents per share, while it actually produced earnings of 56 cents per share, a beat of 9.8%. Meanwhile, for the most recent quarter, the company looked to deliver an earnings of 55 cents per share, when it actually saw earnings of 64 cents per share instead, representing a 16.4% positive surprise.
AGNC INVESTMENT Price and EPS Surprise
AGNC INVESTMENT Price and EPS Surprise | AGNC INVESTMENT Quote
Thanks in part to this history, recent estimates have been moving higher for AGNC Investment. In fact, the Earnings ESP for AGNC is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for AGNC, as the firm currently has a Zacks Earnings ESP of 1.56%, so another beat could be around the corner.
This is particularly true when you consider that AGNC has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that AGNC could see another beat at its next report, especially if recent trends are any guide.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>