We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why AGNC Investment (AGNC) Dipped More Than Broader Market Today
Read MoreHide Full Article
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $9.19, moving -1.5% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.84%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.91%.
The real estate investment trust's stock has climbed by 1.63% in the past month, exceeding the Finance sector's loss of 0% and the S&P 500's gain of 1.44%.
The investment community will be paying close attention to the earnings performance of AGNC Investment in its upcoming release. It is anticipated that the company will report an EPS of $0.42, marking a 20.75% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $254.19 million, up 8572.87% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.67 per share and a revenue of $994.47 million, indicating changes of -11.17% and +5424.85%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for AGNC Investment. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, AGNC Investment is currently exchanging hands at a Forward P/E ratio of 5.6. This denotes a discount relative to the industry average Forward P/E of 8.89.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 203, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why AGNC Investment (AGNC) Dipped More Than Broader Market Today
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $9.19, moving -1.5% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.84%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.91%.
The real estate investment trust's stock has climbed by 1.63% in the past month, exceeding the Finance sector's loss of 0% and the S&P 500's gain of 1.44%.
The investment community will be paying close attention to the earnings performance of AGNC Investment in its upcoming release. It is anticipated that the company will report an EPS of $0.42, marking a 20.75% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $254.19 million, up 8572.87% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.67 per share and a revenue of $994.47 million, indicating changes of -11.17% and +5424.85%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for AGNC Investment. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AGNC Investment is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, AGNC Investment is currently exchanging hands at a Forward P/E ratio of 5.6. This denotes a discount relative to the industry average Forward P/E of 8.89.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 203, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.