- AGNC
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In the latest trading session, AGNC Investment (AGNC) closed at $9.97, marking a +1.01% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.49% for the day. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Heading into today, shares of the real estate investment trust had lost 9.37% over the past month, lagging the Finance sector’s loss of 2.25% and the S&P 500’s gain of 0.1%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. The company’s upcoming EPS is projected at $0.39, signifying a 11.43% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $428.4 million, indicating a 189.46% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.6 per share and a revenue of $1.47 billion, indicating changes of +6.67% and +117.69%, respectively, from the former year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. AGNC Investment is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, AGNC Investment is at present trading with a Forward P/E ratio of 6.19. This signifies a discount in comparison to the average Forward P/E of 7.54 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 226, placing it within the bottom 9% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
