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Here's Why AGNC Investment (AGNC) Fell More Than Broader Market
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AGNC Investment (AGNC - Free Report) closed the most recent trading day at $10.51, moving -1.59% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The stock of real estate investment trust has fallen by 1.93% in the past month, lagging the Finance sector's loss of 0.68% and the S&P 500's loss of 0.97%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. In that report, analysts expect AGNC Investment to post earnings of $0.39 per share. This would mark year-over-year growth of 11.43%. In the meantime, our current consensus estimate forecasts the revenue to be $428.4 million, indicating a 189.46% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.6 per share and revenue of $1.47 billion, which would represent changes of +6.67% and +117.69%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AGNC Investment. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. AGNC Investment presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AGNC Investment has a Forward P/E ratio of 6.7 right now. This denotes a discount relative to the industry average Forward P/E of 8.09.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 235, putting it in the bottom 5% 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.
View the Zacks #1 Rank List
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Here's Why AGNC Investment (AGNC) Fell More Than Broader Market
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $10.51, moving -1.59% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The stock of real estate investment trust has fallen by 1.93% in the past month, lagging the Finance sector's loss of 0.68% and the S&P 500's loss of 0.97%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. In that report, analysts expect AGNC Investment to post earnings of $0.39 per share. This would mark year-over-year growth of 11.43%. In the meantime, our current consensus estimate forecasts the revenue to be $428.4 million, indicating a 189.46% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.6 per share and revenue of $1.47 billion, which would represent changes of +6.67% and +117.69%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for AGNC Investment. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. AGNC Investment presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AGNC Investment has a Forward P/E ratio of 6.7 right now. This denotes a discount relative to the industry average Forward P/E of 8.09.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 235, putting it in the bottom 5% 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.