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Armour Residential REIT (ARR) Stock Sinks As Market Gains: What You Should Know
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Armour Residential REIT (ARR - Free Report) closed at $5.25 in the latest trading session, marking a -1.32% move from the prior day. This change lagged the S&P 500's 1.33% gain on the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Prior to today's trading, shares of the real estate investment trust had gained 5.98% over the past month. This has outpaced the Finance sector's gain of 0.75% and lagged the S&P 500's gain of 6.11% in that time.
Investors will be hoping for strength from Armour Residential REIT as it approaches its next earnings release. In that report, analysts expect Armour Residential REIT to post earnings of $0.25 per share. This would mark a year-over-year decline of 10.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $58.72 million, up 89.78% from the year-ago period.
ARR's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $253.99 million. These results would represent year-over-year changes of -6.03% and +135.96%, respectively.
Any recent changes to analyst estimates for Armour Residential REIT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Armour Residential REIT currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Armour Residential REIT has a Forward P/E ratio of 4.88 right now. Its industry sports an average Forward P/E of 7.06, so we one might conclude that Armour Residential REIT is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Armour Residential REIT (ARR) Stock Sinks As Market Gains: What You Should Know
Armour Residential REIT (ARR - Free Report) closed at $5.25 in the latest trading session, marking a -1.32% move from the prior day. This change lagged the S&P 500's 1.33% gain on the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Prior to today's trading, shares of the real estate investment trust had gained 5.98% over the past month. This has outpaced the Finance sector's gain of 0.75% and lagged the S&P 500's gain of 6.11% in that time.
Investors will be hoping for strength from Armour Residential REIT as it approaches its next earnings release. In that report, analysts expect Armour Residential REIT to post earnings of $0.25 per share. This would mark a year-over-year decline of 10.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $58.72 million, up 89.78% from the year-ago period.
ARR's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $253.99 million. These results would represent year-over-year changes of -6.03% and +135.96%, respectively.
Any recent changes to analyst estimates for Armour Residential REIT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Armour Residential REIT currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Armour Residential REIT has a Forward P/E ratio of 4.88 right now. Its industry sports an average Forward P/E of 7.06, so we one might conclude that Armour Residential REIT is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.