In the latest trading session, Invesco Mortgage Capital (IVR) closed at $6.46, marking a -2.42% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
The stock of real estate investment trust has fallen by 11.02% in the past month, lagging the Finance sector's loss of 2.02% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Invesco Mortgage Capital will be of great interest to investors. The company's upcoming EPS is projected at $0.46, signifying a 20.69% drop compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.97 per share and revenue of $0 million, indicating changes of -16.17% and 0%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Invesco Mortgage Capital. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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, the Zacks Consensus EPS estimate has remained steady. Currently, Invesco Mortgage Capital is carrying a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Invesco Mortgage Capital is currently being traded at a Forward P/E ratio of 3.36. This indicates a discount in contrast to its industry's Forward P/E of 7.47.
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 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).