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Invesco Mortgage Capital (IVR) Gains As Market Dips: What You Should Know
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Invesco Mortgage Capital (IVR - Free Report) closed at $15.06 in the latest trading session, marking a +1.96% move from the prior day. This change outpaced the S&P 500's 0.72% loss on the day. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Coming into today, shares of the real estate investment trust had lost 11.5% in the past month. In that same time, the Finance sector lost 7.06%, while the S&P 500 lost 9.06%.
Wall Street will be looking for positivity from Invesco Mortgage Capital as it approaches its next earnings report date. On that day, Invesco Mortgage Capital is projected to report earnings of $0.96 per share, which would represent a year-over-year decline of 4%.
Investors should also note any recent changes to analyst estimates for Invesco Mortgage Capital. These revisions help to show the ever-changing nature 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Invesco Mortgage Capital is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Invesco Mortgage Capital's current valuation metrics, including its Forward P/E ratio of 3.34. This valuation marks a discount compared to its industry's average Forward P/E of 8.89.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Invesco Mortgage Capital (IVR) Gains As Market Dips: What You Should Know
Invesco Mortgage Capital (IVR - Free Report) closed at $15.06 in the latest trading session, marking a +1.96% move from the prior day. This change outpaced the S&P 500's 0.72% loss on the day. At the same time, the Dow lost 0.45%, and the tech-heavy Nasdaq lost 0.27%.
Coming into today, shares of the real estate investment trust had lost 11.5% in the past month. In that same time, the Finance sector lost 7.06%, while the S&P 500 lost 9.06%.
Wall Street will be looking for positivity from Invesco Mortgage Capital as it approaches its next earnings report date. On that day, Invesco Mortgage Capital is projected to report earnings of $0.96 per share, which would represent a year-over-year decline of 4%.
Investors should also note any recent changes to analyst estimates for Invesco Mortgage Capital. These revisions help to show the ever-changing nature 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Invesco Mortgage Capital is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Invesco Mortgage Capital's current valuation metrics, including its Forward P/E ratio of 3.34. This valuation marks a discount compared to its industry's average Forward P/E of 8.89.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.