Arbor Realty Trust (ABR) closed at $7.80 in the latest trading session, marking a +1.3% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.18%. Meanwhile, the Dow gained 0.66%, and the Nasdaq, a tech-heavy index, added 1.96%.
The stock of real estate investment trust has risen by 0% in the past month, lagging the Finance sector's gain of 4.89% and the S&P 500's gain of 3.93%.
The upcoming earnings release of Arbor Realty Trust will be of great interest to investors. The company's upcoming EPS is projected at $0.16, signifying a 42.86% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $234 million, indicating a 2.78% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.83 per share and a revenue of $940.25 million, representing changes of -22.43% and +0.03%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Arbor Realty Trust is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 9.31 right now. This expresses a premium compared to the average Forward P/E of 7.92 of its industry.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).