Dynex Cap Q4 EPS $(0.24) Misses $(0.20) Estimate, Sales $(2.28M) Beat $(5.62M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Dynex Capital (NYSE:DX) reported Q4 losses of $(0.24) per share, missing the $(0.20) estimate by 20%, and a 900% decrease from $0.03 per share last year. Sales were $(2.28M), beating the $(5.62M) estimate by 59.48%, but down 136.68% from $6.21M last year.
January 29, 2024 | 1:02 pm
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NEGATIVE IMPACT
Dynex Capital reported a significant miss in Q4 EPS and a sharp decrease in earnings compared to last year, although sales beat the low estimates.
The missed EPS estimate and the substantial year-over-year decline in earnings are likely to negatively impact investor sentiment and the stock price in the short term. The sales beat might provide some cushion, but the overall negative earnings report is expected to have a more significant impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100