In the latest trading session, Arbor Realty Trust (ABR) closed at $3.47, marking a -2.53% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.66%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 1.05%.
Shares of the real estate investment trust witnessed a loss of 32.19% over the previous month, trailing the performance of the Finance sector with its loss of 4.15%, and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Arbor Realty Trust in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.08, reflecting a 77.14% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $229.13 million, up 2.75% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.31 per share and revenue of $925.69 million, indicating changes of -71.03% and -1.52%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Arbor Realty Trust should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Currently, Arbor Realty Trust is carrying a Zacks Rank of #4 (Sell).
With respect to valuation, Arbor Realty Trust is currently being traded at a Forward P/E ratio of 11.61. This expresses a premium compared to the average Forward P/E of 7.39 of its industry.
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 gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).