Arbor Realty Trust (ABR) closed at $4.08 in the latest trading session, marking a +1.24% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.67%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Heading into today, shares of the real estate investment trust had lost 20.36% over the past month, lagging the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Arbor Realty Trust in its forthcoming earnings report. The company's upcoming EPS is projected at $0.08, signifying a 77.14% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $229.13 million, indicating a 2.75% growth compared to the corresponding quarter of the prior year.
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.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Arbor Realty Trust is currently a Zacks Rank #3 (Hold).
In terms of valuation, Arbor Realty Trust is presently being traded at a Forward P/E ratio of 13.14. This signifies a premium in comparison to the average Forward P/E of 7.22 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 224, putting it in the bottom 9% 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.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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Arbor Realty Trust (ABR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).