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Two Harbors Investments (TWO) Gains As Market Dips: What You Should Know
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In the latest trading session, Two Harbors Investments (TWO - Free Report) closed at $3.47, marking a +1.46% move from the previous day. This move outpaced the S&P 500's daily loss of 0.74%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the real estate investment trust that invests in mortgage-backed securities had lost 9.28% over the past month. This has lagged the Finance sector's gain of 3.51% and the S&P 500's gain of 4.58% in that time.
Two Harbors Investments will be looking to display strength as it nears its next earnings release, which is expected to be November 8, 2022. On that day, Two Harbors Investments is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $52.75 million, up 272.53% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.63 per share and revenue of $155.08 million, which would represent changes of -23.17% and +95.26%, respectively, from the prior year.
Any recent changes to analyst estimates for Two Harbors Investments should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 27.59% lower within the past month. Two Harbors Investments is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Two Harbors Investments currently has a Forward P/E ratio of 5.43. For comparison, its industry has an average Forward P/E of 7.98, which means Two Harbors Investments is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% 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 TWO in the coming trading sessions, be sure to utilize Zacks.com.
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Two Harbors Investments (TWO) Gains As Market Dips: What You Should Know
In the latest trading session, Two Harbors Investments (TWO - Free Report) closed at $3.47, marking a +1.46% move from the previous day. This move outpaced the S&P 500's daily loss of 0.74%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the real estate investment trust that invests in mortgage-backed securities had lost 9.28% over the past month. This has lagged the Finance sector's gain of 3.51% and the S&P 500's gain of 4.58% in that time.
Two Harbors Investments will be looking to display strength as it nears its next earnings release, which is expected to be November 8, 2022. On that day, Two Harbors Investments is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $52.75 million, up 272.53% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.63 per share and revenue of $155.08 million, which would represent changes of -23.17% and +95.26%, respectively, from the prior year.
Any recent changes to analyst estimates for Two Harbors Investments should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 27.59% lower within the past month. Two Harbors Investments is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Two Harbors Investments currently has a Forward P/E ratio of 5.43. For comparison, its industry has an average Forward P/E of 7.98, which means Two Harbors Investments is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 29% 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 TWO in the coming trading sessions, be sure to utilize Zacks.com.