Dynex Capital Inc. Second Quarter Earnings Sneak Peek

Dynex Capital Inc. (NASDAQ:DX) will unveil its latest earnings on Tuesday, July 26, 2011. Dynex Capital, Inc. is a real estate investment trust, which invests in mortgage loans and securities on a leveraged basis.

Dynex Capital Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 33 cents per share, a decline of 13.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $1.34 per share, a decline of 5% from last year.

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Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 37.1%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 55.9% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 85.7% while it rose more than twofold in the fourth quarter of the last fiscal year and 17% in the third quarter of the last fiscal year.

Competitors to Watch: PennyMac Mortgage Investment Trust (NYSE:PMT), Redwood Trust, Inc. (NYSE:RWT), Anworth Mortgage Asset Corp. (NYSE:ANH), New York Mortgage Trust, Inc. (NASDAQ:NYMT), ARMOUR Residential REIT, Inc. (AMEX:ARR), American Capital Agency Corp. (NASDAQ:AGNC), ECC Capital Corporation (ECRO), MFA Financial, Inc. (NYSE:MFA).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had risen 54 cents (5.9%) from $9.23 to $9.77. The stock price saw one of its best stretches over the last year between June 29, 2011 and July 6, 2011 when shares rose for five-straight days, rising 2.2% (+21 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six-straight days, falling 2.5% (-24 cents) over that span. Shares are down 57 cents (-5.5%) year to date.

(Source: Xignite Financials)

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