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Armour Residential REIT (ARR) Outpaces Stock Market Gains: What You Should Know
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Armour Residential REIT (ARR - Free Report) closed the most recent trading day at $6.11, moving +1.66% from the previous trading session. This change outpaced the S&P 500's 1.1% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 6.59%.
Prior to today's trading, shares of the real estate investment trust had gained 7.51% over the past month. This has outpaced the Finance sector's gain of 6.37% and the S&P 500's gain of 4.58% in that time.
Armour Residential REIT will be looking to display strength as it nears its next earnings release. On that day, Armour Residential REIT is projected to report earnings of $0.31 per share, which would represent year-over-year growth of 14.81%. Our most recent consensus estimate is calling for quarterly revenue of $42.54 million, up 107.21% from the year-ago period.
Any recent changes to analyst estimates for Armour Residential REIT should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Armour Residential REIT is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Armour Residential REIT has a Forward P/E ratio of 5.09 right now. For comparison, its industry has an average Forward P/E of 7.95, which means Armour Residential REIT is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 34% 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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Armour Residential REIT (ARR) Outpaces Stock Market Gains: What You Should Know
Armour Residential REIT (ARR - Free Report) closed the most recent trading day at $6.11, moving +1.66% from the previous trading session. This change outpaced the S&P 500's 1.1% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 6.59%.
Prior to today's trading, shares of the real estate investment trust had gained 7.51% over the past month. This has outpaced the Finance sector's gain of 6.37% and the S&P 500's gain of 4.58% in that time.
Armour Residential REIT will be looking to display strength as it nears its next earnings release. On that day, Armour Residential REIT is projected to report earnings of $0.31 per share, which would represent year-over-year growth of 14.81%. Our most recent consensus estimate is calling for quarterly revenue of $42.54 million, up 107.21% from the year-ago period.
Any recent changes to analyst estimates for Armour Residential REIT should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Armour Residential REIT is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Armour Residential REIT has a Forward P/E ratio of 5.09 right now. For comparison, its industry has an average Forward P/E of 7.95, which means Armour Residential REIT is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 34% 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.