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AGNC Investment (AGNC) closed at $10.07 in the latest trading session, marking a +1% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.08%. Elsewhere, the Dow Jones Industrial Average fell 0.31%, while the tech-heavy Nasdaq rose 0.02%.
As of today, shares of the real estate investment trust had gained 0.91% over the past month. During the same period, the Financials sector rose 0.69% and the S&P 500 index rose 3.52%.
The investment community will be paying close attention to AGNC Investment’s earnings performance in upcoming releases. The company is scheduled to announce its results on January 22, 2024. The company’s earnings per share (EPS) are expected to be $0.49, down 33.78% from the same period last year. Meanwhile, the Zacks Consensus Estimate for net sales is projecting net sales of $351.34 million, up 1,305.34% from the year-ago period.
Investors may also notice recent changes to analyst estimates for AGNC Investment. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can take advantage of this by using the Zacks Rank. This model takes these estimate changes into account and provides a simple and practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a commendable, independently-audited track record of outperformance, with #1 stocks gaining +25% since 1988. Contributes to average annual return. The Zacks Consensus EPS estimate remained stagnant over the past month. AGNC Investment currently has a Zacks Rank #2 (Buy).
From a valuation perspective, AGNC Investment is currently trading at a Forward P/E ratio of 5.1. This represents a discount when compared to its industry’s average Forward P/E of 8.26.
The REIT and stock trust industry is part of the financial sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 26% of over 250 industries.
The Zacks Industry Rank is ordered from highest to lowest based on the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
In subsequent trading sessions, remember to utilize Zacks.com to monitor all of these metrics impacting the stock and more.
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AGNC Investment Corporation (AGNC): Free Stock Analysis Report
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