In the latest trading session, Arbor Realty Trust (ABR) closed at $5.34, marking a -1.11% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.18%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 2.07%.
Shares of the real estate investment trust have depreciated by 6.09% over the course of the past month, underperforming the Finance sector's gain of 1.96%, and the S&P 500's loss of 2.9%.
The investment community will be paying close attention to the earnings performance of Arbor Realty Trust in its upcoming release. On that day, Arbor Realty Trust is projected to report earnings of $0.11 per share, which would represent a year-over-year decline of 56%. Simultaneously, our latest consensus estimate expects the revenue to be $233.71 million, showing a 2.74% drop compared to the year-ago quarter.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $935.22 million. These results would represent year-over-year changes of -57.01% and -0.51%, respectively.
Investors might also notice recent changes to analyst estimates for Arbor Realty Trust. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, 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. Arbor Realty Trust currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Arbor Realty Trust currently has a Forward P/E ratio of 11.65. This valuation marks a premium compared to its industry average Forward P/E of 8.91.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 19% 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.
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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This article originally published on Zacks Investment Research (zacks.com).