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AGNC Investment (AGNC) Gains As Market Dips: What You Should Know
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AGNC Investment (AGNC - Free Report) closed the most recent trading day at $11.36, moving +1.34% from the previous trading session. This change outpaced the S&P 500's 1.56% loss on the day. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 4.66%.
Prior to today's trading, shares of the real estate investment trust had gained 8.52% over the past month. This has outpaced the Finance sector's gain of 7.41% and the S&P 500's gain of 3.82% in that time.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release, which is expected to be January 30, 2023. On that day, AGNC Investment is projected to report earnings of $0.67 per share, which would represent a year-over-year decline of 10.67%. Our most recent consensus estimate is calling for quarterly revenue of $303.96 million, down 30.92% from the year-ago period.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, AGNC Investment currently has a Forward P/E ratio of 5.14. Its industry sports an average Forward P/E of 7.96, so we one might conclude that AGNC Investment is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 29% 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.
To follow AGNC in the coming trading sessions, be sure to utilize Zacks.com.
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AGNC Investment (AGNC) Gains As Market Dips: What You Should Know
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $11.36, moving +1.34% from the previous trading session. This change outpaced the S&P 500's 1.56% loss on the day. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 4.66%.
Prior to today's trading, shares of the real estate investment trust had gained 8.52% over the past month. This has outpaced the Finance sector's gain of 7.41% and the S&P 500's gain of 3.82% in that time.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release, which is expected to be January 30, 2023. On that day, AGNC Investment is projected to report earnings of $0.67 per share, which would represent a year-over-year decline of 10.67%. Our most recent consensus estimate is calling for quarterly revenue of $303.96 million, down 30.92% from the year-ago period.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, AGNC Investment currently has a Forward P/E ratio of 5.14. Its industry sports an average Forward P/E of 7.96, so we one might conclude that AGNC Investment is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 29% 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.
To follow AGNC in the coming trading sessions, be sure to utilize Zacks.com.