Dynex Cap Q3 2024 Adj. EPS $(0.10) Misses $(0.03) Estimate, Sales $894.000K Down From $2.262M YoY
Portfolio Pulse from Benzinga Newsdesk
Dynex Capital reported a Q3 2024 adjusted EPS of $(0.10), missing the $(0.03) estimate, with sales of $894K, down from $2.262M YoY.
October 21, 2024 | 12:05 pm
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Dynex Capital's Q3 2024 earnings report shows a significant miss on EPS estimates and a sharp decline in sales compared to the previous year.
The reported EPS of $(0.10) significantly missed the consensus estimate of $(0.03), indicating worse-than-expected performance. Additionally, the sales figure of $894K represents a substantial 60.48% decrease from the previous year, suggesting potential challenges in revenue generation. These factors are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100