Invesco Mortgage Capital (IVR) closed the most recent trading day at $6.54, moving +1.24% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 1.14% for the day. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.69%.
Prior to today's trading, shares of the real estate investment trust had lost 14.78% lagged the Finance sector's loss of 3.64% and the S&P 500's loss of 2.85%.
The upcoming earnings release of Invesco Mortgage Capital will be of great interest to investors. The company is forecasted to report an EPS of $0.46, showcasing a 20.69% downward movement from the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.97 per share and revenue of $0 million. These totals would mark changes of -16.17% and 0%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Invesco Mortgage Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Invesco Mortgage Capital is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Invesco Mortgage Capital has a Forward P/E ratio of 3.31 right now. This valuation marks a discount compared to its industry average Forward P/E of 7.73.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 223, this industry ranks in the bottom 10% of all industries, numbering over 250.
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 Report
This article originally published on Zacks Investment Research (zacks.com).