The most recent trading session ended with Arbor Realty Trust (ABR - Free Report) standing at $13.02, reflecting a +1.56% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.
Prior to today's trading, shares of the real estate investment trust had lost 3.25% over the past month. This has was narrower than the Finance sector's loss of 5.24% and lagged the S&P 500's loss of 2% in that time.
The investment community will be paying close attention to the earnings performance of Arbor Realty Trust in its upcoming release. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 29.03% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $309.44 million, down 5.65% from the year-ago period.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.79 per share and revenue of $1.17 billion. These results would represent year-over-year changes of -20.44% and -11.93%, respectively.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.72% decrease. Arbor Realty Trust is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 7.18 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.54.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 164, positioning it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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The most recent trading session ended with Arbor Realty Trust (ABR - Free Report) standing at $13.02, reflecting a +1.56% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.32% gain on the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.
Prior to today's trading, shares of the real estate investment trust had lost 3.25% over the past month. This has was narrower than the Finance sector's loss of 5.24% and lagged the S&P 500's loss of 2% in that time.
The investment community will be paying close attention to the earnings performance of Arbor Realty Trust in its upcoming release. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 29.03% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $309.44 million, down 5.65% from the year-ago period.
ABR's full-year Zacks Consensus Estimates are calling for earnings of $1.79 per share and revenue of $1.17 billion. These results would represent year-over-year changes of -20.44% and -11.93%, respectively.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.72% decrease. Arbor Realty Trust is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 7.18 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.54.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 164, positioning it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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