Earnings Outlook For Dynex Cap
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) is scheduled to release its quarterly earnings report on Monday, 2024-01-29, with analysts expecting an EPS of $-0.20. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Dynex Cap's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.17, leading to a 2.52% share price drop. Over the last year, shares have declined by 9.48%, indicating a bearish sentiment among long-term shareholders.
January 26, 2024 | 4:00 pm
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NEGATIVE IMPACT
Dynex Cap is expected to report a quarterly EPS of $-0.20. Historical data shows that earnings misses have negatively impacted the stock price, with a 2.52% drop after last quarter's miss. Shares have been down 9.48% over the past year, suggesting a bearish outlook.
Given the expected negative EPS and the historical negative reaction to earnings misses, there is a likelihood of a short-term negative impact on DX's stock price if the company fails to meet or exceed the earnings estimate or provide positive guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100