AGNC Investment (AGNC) ended the recent trading session at $9.35, demonstrating a +1.71% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.11%. Elsewhere, the Dow gained 0.91%, while the tech-heavy Nasdaq lost 0.82%.
Shares of the real estate investment trust have appreciated by 4.08% over the course of the past month, outperforming the Finance sector's gain of 3.03%, and lagging the S&P 500's gain of 5.17%.
The investment community will be closely monitoring the performance of AGNC Investment in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.42, reflecting a 20.75% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $254.19 million, up 8572.87% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.67 per share and a revenue of $994.47 million, signifying shifts of -11.17% and +5424.85%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for AGNC Investment. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, AGNC Investment possesses a Zacks Rank of #3 (Hold).
With respect to valuation, AGNC Investment is currently being traded at a Forward P/E ratio of 5.52. Its industry sports an average Forward P/E of 8.59, so one might conclude that AGNC Investment is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons 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.
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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AGNC Investment Corp. (AGNC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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