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Arbor Realty Trust (ABR) Stock Falls Amid Market Uptick: What Investors Need to Know
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Arbor Realty Trust (ABR - Free Report) ended the recent trading session at $12.28, demonstrating a -1.44% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.37% for the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 0.71%.
The real estate investment trust's shares have seen an increase of 2.38% over the last month, surpassing the Finance sector's gain of 2.07% and falling behind the S&P 500's gain of 4.26%.
The investment community will be closely monitoring the performance of Arbor Realty Trust in its forthcoming earnings report. The company is forecasted to report an EPS of $0.28, showcasing a 34.88% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $241.53 million, down 15.7% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.1 per share and a revenue of $962.02 million, indicating changes of -36.78% and -17.63%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Arbor Realty Trust boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Arbor Realty Trust is presently trading at a Forward P/E ratio of 11.33. For comparison, its industry has an average Forward P/E of 8.89, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Arbor Realty Trust (ABR) Stock Falls Amid Market Uptick: What Investors Need to Know
Arbor Realty Trust (ABR - Free Report) ended the recent trading session at $12.28, demonstrating a -1.44% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.37% for the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 0.71%.
The real estate investment trust's shares have seen an increase of 2.38% over the last month, surpassing the Finance sector's gain of 2.07% and falling behind the S&P 500's gain of 4.26%.
The investment community will be closely monitoring the performance of Arbor Realty Trust in its forthcoming earnings report. The company is forecasted to report an EPS of $0.28, showcasing a 34.88% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $241.53 million, down 15.7% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.1 per share and a revenue of $962.02 million, indicating changes of -36.78% and -17.63%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Arbor Realty Trust. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Arbor Realty Trust boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Arbor Realty Trust is presently trading at a Forward P/E ratio of 11.33. For comparison, its industry has an average Forward P/E of 8.89, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 172, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.