Arbor Realty Trust (ABR) closed the most recent trading day at $11.62, moving +2.02% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.56%. Meanwhile, the Dow gained 1.29%, and the Nasdaq, a tech-heavy index, added 2.21%.
Prior to today's trading, shares of the real estate investment trust had lost 2.65% lagged the Finance sector's loss of 2.31% and the S&P 500's gain of 0.41%.
Investors will be eagerly watching for the performance of Arbor Realty Trust in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.28, reflecting a 34.88% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $241.02 million, reflecting a 15.88% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.11 per share and a revenue of $959.3 million, indicating changes of -36.21% and -17.86%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Arbor Realty Trust. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.97% rise in the Zacks Consensus EPS estimate. As of now, Arbor Realty Trust holds a Zacks Rank of #2 (Buy).
Looking at valuation, Arbor Realty Trust is presently trading at a Forward P/E ratio of 10.26. This represents a premium compared to its industry average Forward P/E of 8.35.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 171, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Arbor Realty Trust (ABR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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