Arbor Realty Trust (ABR) ended the recent trading session at $4.98, demonstrating a -5.5% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.12%.
Shares of the real estate investment trust witnessed a gain of 0.38% over the previous month, trailing the performance of the Finance sector with its gain of 5.36%, and outperforming the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Arbor Realty Trust in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.09, reflecting a 64% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $230.64 million, indicating a 4.02% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.46 per share and revenue of $919.52 million, indicating changes of -57.01% and -2.18%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Arbor Realty Trust. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Arbor Realty Trust is at present trading with a Forward P/E ratio of 11.37. Its industry sports an average Forward P/E of 8.74, so one might conclude that Arbor Realty Trust is trading at a premium comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons of all 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.
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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Arbor Realty Trust (ABR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).