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AGNC Investment (AGNC) Dips More Than Broader Markets: What You Should Know

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AGNC Investment (AGNC - Free Report) closed the most recent trading day at $10.14, moving -1.65% from the previous trading session. This move lagged the S&P 500's daily loss of 0.68%. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq lost 3.19%.

Coming into today, shares of the real estate investment trust had gained 1.28% in the past month. In that same time, the Finance sector gained 4.53%, while the S&P 500 gained 3.58%.

Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release, which is expected to be July 24, 2023. The company is expected to report EPS of $0.58, down 30.12% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $342.01 million, up 8.57% from the prior-year quarter.

AGNC's full-year Zacks Consensus Estimates are calling for earnings of $2.36 per share and revenue of $832.99 million. These results would represent year-over-year changes of -24.12% and -11.38%, respectively.

Investors should also note any recent changes to analyst estimates for AGNC Investment. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note AGNC Investment's current valuation metrics, including its Forward P/E ratio of 4.37. For comparison, its industry has an average Forward P/E of 8.26, which means AGNC Investment 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 221, putting it in the bottom 13% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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