Invesco Mortgage Capital (IVR) closed at $8.54 in the latest trading session, marking a +1.55% move from the prior day. This move outpaced the S&P 500's daily gain of 0.65%. On the other hand, the Dow registered a gain of 0.48%, and the technology-centric Nasdaq increased by 0.82%.
Shares of the real estate investment trust have appreciated by 4.21% over the course of the past month, outperforming the Finance sector's gain of 3%, and the S&P 500's gain of 1.15%.
Market participants will be closely following the financial results of Invesco Mortgage Capital in its upcoming release. The company is forecasted to report an EPS of $0.58, showcasing a 9.43% upward movement from the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.37 per share and revenue of $0 million. These totals would mark changes of -17.71% and 0%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Invesco Mortgage Capital. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Invesco Mortgage Capital is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note Invesco Mortgage Capital's current valuation metrics, including its Forward P/E ratio of 3.82. This represents a discount compared to its industry average Forward P/E of 7.83.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 33% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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