Arbor Realty Trust (ABR) closed the most recent trading day at $7.79, moving +1.3% from the previous trading session. This change outpaced the S&P 500's 0.01% gain on the day. Elsewhere, the Dow saw an upswing of 0.55%, while the tech-heavy Nasdaq depreciated by 0.44%.
Shares of the real estate investment trust have depreciated by 15.03% over the course of the past month, underperforming the Finance sector's gain of 1.95%, and the S&P 500's gain of 0.86%.
Analysts and investors alike will be keeping a close eye on the performance of Arbor Realty Trust in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.21, showcasing a 47.5% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $221.71 million, showing a 15.66% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.08 per share and a revenue of $925.71 million, demonstrating changes of -37.93% and 0%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Arbor Realty Trust. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.8% decrease. Arbor Realty Trust presently features a Zacks Rank of #4 (Sell).
In the context of valuation, Arbor Realty Trust is at present trading with a Forward P/E ratio of 7.74. This denotes a premium relative to the industry average Forward P/E of 7.71.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 32% of all industries, numbering over 250.
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% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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