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Armour Residential REIT (ARR) Gains But Lags Market: What You Should Know
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Armour Residential REIT (ARR - Free Report) closed at $7.14 in the latest trading session, marking a +1.42% move from the prior day. This move lagged the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today's trading, shares of the real estate investment trust had lost 7.97% over the past month. This has lagged the Finance sector's loss of 4% and the S&P 500's loss of 5.51% 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 $0.31 per share. This would mark year-over-year growth of 24%. Our most recent consensus estimate is calling for quarterly revenue of $34.84 million, up 70.62% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $137.97 million, which would represent changes of +21.88% and +87.25%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Armour Residential REIT. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Armour Residential REIT is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Armour Residential REIT's current valuation metrics, including its Forward P/E ratio of 6.02. This represents a discount compared to its industry's average Forward P/E of 9.05.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 131, which puts it in the bottom 49% 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.
To follow ARR in the coming trading sessions, be sure to utilize Zacks.com.
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Armour Residential REIT (ARR) Gains But Lags Market: What You Should Know
Armour Residential REIT (ARR - Free Report) closed at $7.14 in the latest trading session, marking a +1.42% move from the prior day. This move lagged the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.4%, and the tech-heavy Nasdaq gained 0.09%.
Prior to today's trading, shares of the real estate investment trust had lost 7.97% over the past month. This has lagged the Finance sector's loss of 4% and the S&P 500's loss of 5.51% 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 $0.31 per share. This would mark year-over-year growth of 24%. Our most recent consensus estimate is calling for quarterly revenue of $34.84 million, up 70.62% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $137.97 million, which would represent changes of +21.88% and +87.25%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Armour Residential REIT. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Armour Residential REIT is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Armour Residential REIT's current valuation metrics, including its Forward P/E ratio of 6.02. This represents a discount compared to its industry's average Forward P/E of 9.05.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 131, which puts it in the bottom 49% 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.
To follow ARR in the coming trading sessions, be sure to utilize Zacks.com.