Dynex Capital Inc reports results for the quarter ended June 30 - Earnings Summary

• Dynex Capital Inc DX.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of seven analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 21 cents to 48 cents per share.

• Revenue rose 1,697% to $23.13 million from a year ago; analysts expected $22.93 million.

• Dynex Capital Inc's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $16.29 million.

• Dynex Capital Inc shares had risen by 2.5% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Dynex Capital Inc is $13.50, about 7.2% above its last closing price of $12.53

This summary was machine generated from LSEG data July 21 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)