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AGNC Investment (AGNC) Gains But Lags Market: What You Should Know
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AGNC Investment (AGNC - Free Report) closed the most recent trading day at $15.90, moving +0.82% from the previous trading session. This change lagged the S&P 500's 1.15% gain on the day.
Prior to today's trading, shares of the real estate investment trust had lost 2.77% over the past month. This has was narrower than the Finance sector's loss of 3.14% and the S&P 500's loss of 4.67% in that time.
Investors will be hoping for strength from AGNC as it approaches its next earnings release. On that day, AGNC is projected to report earnings of $0.64 per share, which would represent a year-over-year decline of 20.99%. Our most recent consensus estimate is calling for quarterly revenue of $397 million, down 19.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.78 per share and revenue of $1.7 billion. These totals would mark changes of +2.96% and +1.13%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AGNC. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. AGNC is currently a Zacks Rank #3 (Hold).
Investors should also note AGNC's current valuation metrics, including its Forward P/E ratio of 5.67. This valuation marks a discount compared to its industry's average Forward P/E of 10.55.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AGNC Investment (AGNC) Gains But Lags Market: What You Should Know
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $15.90, moving +0.82% from the previous trading session. This change lagged the S&P 500's 1.15% gain on the day.
Prior to today's trading, shares of the real estate investment trust had lost 2.77% over the past month. This has was narrower than the Finance sector's loss of 3.14% and the S&P 500's loss of 4.67% in that time.
Investors will be hoping for strength from AGNC as it approaches its next earnings release. On that day, AGNC is projected to report earnings of $0.64 per share, which would represent a year-over-year decline of 20.99%. Our most recent consensus estimate is calling for quarterly revenue of $397 million, down 19.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.78 per share and revenue of $1.7 billion. These totals would mark changes of +2.96% and +1.13%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AGNC. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. AGNC is currently a Zacks Rank #3 (Hold).
Investors should also note AGNC's current valuation metrics, including its Forward P/E ratio of 5.67. This valuation marks a discount compared to its industry's average Forward P/E of 10.55.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.