AGNC Investment (AGNC) ended the recent trading session at $10.62, demonstrating a +1.24% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.19%. Elsewhere, the Dow gained 0.22%, while the tech-heavy Nasdaq added 0.31%.
The stock of real estate investment trust has risen by 2.74% in the past month, lagging the Finance sector's gain of 3.21% and overreaching the S&P 500's gain of 1.33%.
Market participants will be closely following the financial results of AGNC Investment in its upcoming release. The company's upcoming EPS is projected at $0.37, signifying steadiness compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $323.59 million, up 181.38% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.53 per share and revenue of $792.59 million, which would represent changes of -18.62% and +4303.25%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AGNC Investment. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, AGNC Investment holds a Zacks Rank of #4 (Sell).
Investors should also note AGNC Investment's current valuation metrics, including its Forward P/E ratio of 6.86. This represents a discount compared to its industry average Forward P/E of 8.4.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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AGNC Investment Corp. (AGNC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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