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Invesco Mortgage Capital (IVR) Falls More Steeply Than Broader Market: What Investors Need to Know
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Invesco Mortgage Capital (IVR - Free Report) closed the most recent trading day at $7.91, moving -1.13% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.37%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.
Prior to today's trading, shares of the real estate investment trust had gained 1.65% lagged the Finance sector's gain of 4.79% and the S&P 500's gain of 2.02%.
The investment community will be closely monitoring the performance of Invesco Mortgage Capital in its forthcoming earnings report. On that day, Invesco Mortgage Capital is projected to report earnings of $0.47 per share, which would represent a year-over-year decline of 18.97%.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.01 per share and a revenue of $0 million, signifying shifts of -14.47% and 0%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Invesco Mortgage Capital. 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 business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
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. Within the past 30 days, our consensus EPS projection has moved 10.67% lower. Invesco Mortgage Capital presently features a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Invesco Mortgage Capital is currently being traded at a Forward P/E ratio of 3.98. Its industry sports an average Forward P/E of 8.48, so one might conclude that Invesco Mortgage Capital is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 212, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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Invesco Mortgage Capital (IVR) Falls More Steeply Than Broader Market: What Investors Need to Know
Invesco Mortgage Capital (IVR - Free Report) closed the most recent trading day at $7.91, moving -1.13% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.37%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.
Prior to today's trading, shares of the real estate investment trust had gained 1.65% lagged the Finance sector's gain of 4.79% and the S&P 500's gain of 2.02%.
The investment community will be closely monitoring the performance of Invesco Mortgage Capital in its forthcoming earnings report. On that day, Invesco Mortgage Capital is projected to report earnings of $0.47 per share, which would represent a year-over-year decline of 18.97%.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.01 per share and a revenue of $0 million, signifying shifts of -14.47% and 0%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Invesco Mortgage Capital. 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 business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
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. Within the past 30 days, our consensus EPS projection has moved 10.67% lower. Invesco Mortgage Capital presently features a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Invesco Mortgage Capital is currently being traded at a Forward P/E ratio of 3.98. Its industry sports an average Forward P/E of 8.48, so one might conclude that Invesco Mortgage Capital is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 212, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.