In the latest trading session, AGNC Investment (AGNC) closed at $10.43, marking a +2.15% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.61%. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 1.19%.
The stock of real estate investment trust has fallen by 8.02% in the past month, lagging the Finance sector's gain of 1.72% and the S&P 500's gain of 4.44%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.38, indicating constancy compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $361.52 million, showing a 123.16% escalation compared to the year-ago quarter.
AGNC's full-year Zacks Consensus Estimates are calling for earnings of $1.56 per share and revenue of $1.47 billion. These results would represent year-over-year changes of +4% and +117.14%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for AGNC Investment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, AGNC Investment is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that AGNC Investment has a Forward P/E ratio of 6.53 right now. This expresses a discount compared to the average Forward P/E of 7.2 of its industry.
The REIT and Equity Trust industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 40% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AGNC Investment Corp. (AGNC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).