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Invesco Mortgage Capital (IVR) Dips More Than Broader Market: What You Should Know
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In the latest market close, Invesco Mortgage Capital (IVR - Free Report) reached $8.53, with a -1.61% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.8% for the day. On the other hand, the Dow registered a loss of 0.76%, and the technology-centric Nasdaq decreased by 1.18%.
Shares of the real estate investment trust have appreciated by 4.71% over the course of the past month, underperforming the Finance sector's gain of 5.42% and outperforming the S&P 500's gain of 3.4%.
Investors will be eagerly watching for the performance of Invesco Mortgage Capital in its upcoming earnings disclosure. The company is expected to report EPS of $1.03, down 29.45% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Invesco Mortgage Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Invesco Mortgage Capital is holding a Zacks Rank of #5 (Strong Sell) right now.
In terms of valuation, Invesco Mortgage Capital is currently trading at a Forward P/E ratio of 2.29. This represents a discount compared to its industry's average Forward P/E of 8.29.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 101, finds itself in the top 41% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Invesco Mortgage Capital (IVR) Dips More Than Broader Market: What You Should Know
In the latest market close, Invesco Mortgage Capital (IVR - Free Report) reached $8.53, with a -1.61% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.8% for the day. On the other hand, the Dow registered a loss of 0.76%, and the technology-centric Nasdaq decreased by 1.18%.
Shares of the real estate investment trust have appreciated by 4.71% over the course of the past month, underperforming the Finance sector's gain of 5.42% and outperforming the S&P 500's gain of 3.4%.
Investors will be eagerly watching for the performance of Invesco Mortgage Capital in its upcoming earnings disclosure. The company is expected to report EPS of $1.03, down 29.45% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Invesco Mortgage Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Invesco Mortgage Capital is holding a Zacks Rank of #5 (Strong Sell) right now.
In terms of valuation, Invesco Mortgage Capital is currently trading at a Forward P/E ratio of 2.29. This represents a discount compared to its industry's average Forward P/E of 8.29.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 101, finds itself in the top 41% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.