In the latest trading session, New Residential Investment closed at $16.89, marking a +0.42% move from the previous day. This change lagged the S&P 500's 1.56% gain on the day. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Prior to today's trading, shares of the real estate investment trust had gained 18.37% over the past month. This has outpaced the Finance sector's gain of 8.81% and the S&P 500's gain of 6.41% in that time.
Wall Street will be looking for positivity from NRZ as it approaches its next earnings report date. This is expected to be February 12, 2019. In that report, analysts expect NRZ to post earnings of $0.55 per share. This would mark a year-over-year decline of 9.84%. Our most recent consensus estimate is calling for quarterly revenue of $210.42 million, down 10.56% from the year-ago period.
Any recent changes to analyst estimates for NRZ should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 1.66% lower. NRZ is currently a Zacks Rank #3 (Hold).
Investors should also note NRZ's current valuation metrics, including its Forward P/E ratio of 7.26. This represents a discount compared to its industry's average Forward P/E of 9.25.
Meanwhile, NRZ's PEG ratio is currently 7.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NRZ's industry had an average PEG ratio of 2.5 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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New Residential Investment (NRZ) Gains But Lags Market: What You Should Know
In the latest trading session, New Residential Investment closed at $16.89, marking a +0.42% move from the previous day. This change lagged the S&P 500's 1.56% gain on the day. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Prior to today's trading, shares of the real estate investment trust had gained 18.37% over the past month. This has outpaced the Finance sector's gain of 8.81% and the S&P 500's gain of 6.41% in that time.
Wall Street will be looking for positivity from NRZ as it approaches its next earnings report date. This is expected to be February 12, 2019. In that report, analysts expect NRZ to post earnings of $0.55 per share. This would mark a year-over-year decline of 9.84%. Our most recent consensus estimate is calling for quarterly revenue of $210.42 million, down 10.56% from the year-ago period.
Any recent changes to analyst estimates for NRZ should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 1.66% lower. NRZ is currently a Zacks Rank #3 (Hold).
Investors should also note NRZ's current valuation metrics, including its Forward P/E ratio of 7.26. This represents a discount compared to its industry's average Forward P/E of 9.25.
Meanwhile, NRZ's PEG ratio is currently 7.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NRZ's industry had an average PEG ratio of 2.5 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.