Analysts expect Federal National Mortgage Association to report Q2 2026 revenue of $7.25 billion and EPS of $0.63, with the stock currently trading at $6.21 against an average price target of $10.50. The primary focus for investors this quarter is the pace of capital accumulation, specifically the company's total net worth as it builds toward regulatory requirements for an eventual exit from government conservatorship.
Management has maintained a streak of 33 consecutive profitable quarters, driven by steady guaranty fees and significant administrative cost-cutting measures. However, analysts are closely monitoring the serious delinquency rate for any signs of credit deterioration in the multifamily portfolio due to sustained high interest rates.