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 $10.39, moving -2.62% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.52%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 1.78%.
Shares of the real estate investment trust have depreciated by 6.65% over the course of the past month, underperforming the Finance sector's loss of 5.37%, and the S&P 500's loss of 2.25%.
Market participants will be closely following the financial results of AGNC Investment in its upcoming release. It is anticipated that the company will report an EPS of $0.36, marking a 18.18% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $310.89 million, showing a 95.53% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.5 per share and revenue of $1.43 billion, indicating changes of 0% and +112.45%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AGNC Investment. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AGNC Investment currently has a Zacks Rank of #4 (Sell).
In terms of valuation, AGNC Investment is presently being traded at a Forward P/E ratio of 7.1. This signifies a discount in comparison to the average Forward P/E of 8.03 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
View the Zacks #1 Rank List
Image: Bigstock
Why AGNC Investment (AGNC) Dipped More Than Broader Market Today
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $10.39, moving -2.62% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.52%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 1.78%.
Shares of the real estate investment trust have depreciated by 6.65% over the course of the past month, underperforming the Finance sector's loss of 5.37%, and the S&P 500's loss of 2.25%.
Market participants will be closely following the financial results of AGNC Investment in its upcoming release. It is anticipated that the company will report an EPS of $0.36, marking a 18.18% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $310.89 million, showing a 95.53% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.5 per share and revenue of $1.43 billion, indicating changes of 0% and +112.45%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AGNC Investment. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AGNC Investment currently has a Zacks Rank of #4 (Sell).
In terms of valuation, AGNC Investment is presently being traded at a Forward P/E ratio of 7.1. This signifies a discount in comparison to the average Forward P/E of 8.03 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 14% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.