In the latest close session, Invesco Mortgage Capital (IVR) was down 1.74% at $9.04. The stock's change was less than the S&P 500's daily gain of 1.16%. Meanwhile, the Dow gained 1.21%, and the Nasdaq, a tech-heavy index, added 1.18%.
Prior to today's trading, shares of the real estate investment trust had gained 6.73% outpaced the Finance sector's loss of 0.5% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Invesco Mortgage Capital in its upcoming release. The company's earnings per share (EPS) are projected to be $0.58, reflecting a 9.43% increase from the same quarter last 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.
It is also important to note the recent changes to analyst estimates for Invesco Mortgage Capital. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Invesco Mortgage Capital boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Invesco Mortgage Capital is currently exchanging hands at a Forward P/E ratio of 4.18. This valuation marks a discount compared to its industry average Forward P/E of 8.12.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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