In the latest close session, Invesco Mortgage Capital (IVR) was down 2.54% at $6.91. This change lagged the S&P 500's 0.59% loss on the day. On the other hand, the Dow registered a loss of 0.6%, and the technology-centric Nasdaq decreased by 0.65%.
Prior to today's trading, shares of the real estate investment trust had lost 4.83% lagged the Finance sector's loss of 1.37% and the S&P 500's loss of 1.37%.
Market participants will be closely following the financial results of Invesco Mortgage Capital in its upcoming release. In that report, analysts expect Invesco Mortgage Capital to post earnings of $0.46 per share. This would mark a year-over-year decline of 20.69%.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.97 per share and revenue of $0 million. These totals would mark changes of -16.17% and 0%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Invesco Mortgage Capital. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Invesco Mortgage Capital is carrying a Zacks Rank of #4 (Sell).
With respect to valuation, Invesco Mortgage Capital is currently being traded at a Forward P/E ratio of 3.6. This represents a discount compared to its industry average Forward P/E of 7.97.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 235, which puts it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).