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In the most recent trading session, AGNC Investment (AGNC) closed at $9.63, representing a -0.1% adjustment from previous closing price. This move outpaced the S&P 500’s daily decline of 0.65%. Elsewhere, the Dow Jones Industrial Average fell 0.49% and the tech-heavy Nasdaq fell 0.96%.
Real estate investment trust shares have gained 0.63% over the past month, lagging the Financials sector’s rise of 3.96% and the S&P 500’s rise of 3.27%.
The investment community will be closely monitoring AGNC Investment’s performance in its upcoming earnings report. The company’s earnings per share (EPS) are expected to be $0.53, reflecting a decrease of 24.29% from the year-ago period. Meanwhile, our latest consensus estimate calls it sales of $360.85 million, up 468.21% year-over-year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.09 per share and revenue of $1.44 billion, which would represent changes of -19.92% and +686.15%, respectively, from the prior year.
Investors should also note recent changes to analyst estimates for AGNC Investment. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, upward estimate revisions represent analyst positivity about the company’s business operations and ability to generate profits.
Our research shows that these estimate adjustments are directly related to impending stock performance. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these estimate changes into account and provides a clear and actionable rating model.
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. Over the past 30 days, our consensus EPS forecast has remained stagnant. AGNC Investment currently has a Zacks Rank #3 (Hold).
Taking a closer look at valuation, AGNC Investment’s current Forward P/E ratio is 4.6x. Its industry has an average Forward P/E of 7.53, so one might conclude that AGNC Investment is trading at a relatively cheap price.
The REIT and stock trust industry is part of the financial sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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