In the latest trading session, AGNC Investment (AGNC) closed at $11.07, marking a +1.28% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.64%. Elsewhere, the Dow saw an upswing of 1.23%, while the tech-heavy Nasdaq appreciated by 0.69%.
The real estate investment trust's stock has climbed by 2.92% in the past month, exceeding the Finance sector's gain of 2.51% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of AGNC Investment in its forthcoming earnings report. The company is predicted to post an EPS of $0.37, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $323.59 million, reflecting a 181.38% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.53 per share and a revenue of $792.59 million, indicating changes of -18.62% and 0%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for AGNC Investment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, AGNC Investment holds a Zacks Rank of #3 (Hold).
Looking at its valuation, AGNC Investment is holding a Forward P/E ratio of 7.05. This valuation marks a discount compared to its industry average Forward P/E of 7.68.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AGNC Investment Corp. (AGNC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
