In the latest close session, Invesco Mortgage Capital (IVR) was up +2.31% at $9.30. The stock's change was more than the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Shares of the real estate investment trust have appreciated by 10.05% over the course of the past month, outperforming the Finance sector's gain of 0.62%, and the S&P 500's gain of 1.57%.
The upcoming earnings release of Invesco Mortgage Capital will be of great interest to investors. The company is predicted to post an EPS of $0.58, indicating a 9.43% growth compared to the equivalent quarter last year.
IVR's full-year Zacks Consensus Estimates are calling for earnings of $2.37 per share and revenue of $0 million. These results would represent year-over-year changes of -17.71% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Invesco Mortgage Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, the Zacks Consensus EPS estimate remained stagnant. Invesco Mortgage Capital currently has 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 4.13. For comparison, its industry has an average Forward P/E of 8.13, which means Invesco Mortgage Capital is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 169, finds itself in the bottom 32% echelons of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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