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Why AGNC Investment (AGNC) Dipped More Than Broader Market Today
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In the latest trading session, AGNC Investment (AGNC - Free Report) closed at $9.95, marking a -1.44% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Coming into today, shares of the real estate investment trust had lost 7.85% in the past month. In that same time, the Finance sector lost 2.1%, while the S&P 500 lost 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of AGNC Investment in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 11.43% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $428.4 million, indicating a 189.46% increase compared to the same quarter of the previous year.
AGNC's full-year Zacks Consensus Estimates are calling for earnings of $1.6 per share and revenue of $1.47 billion. These results would represent year-over-year changes of +6.67% and +117.69%, respectively.
Investors might also notice recent changes 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.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, AGNC Investment is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 6.33. This signifies a discount in comparison to the average Forward P/E of 7.73 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 234, this industry ranks in the bottom 5% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Why AGNC Investment (AGNC) Dipped More Than Broader Market Today
In the latest trading session, AGNC Investment (AGNC - Free Report) closed at $9.95, marking a -1.44% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.78%.
Coming into today, shares of the real estate investment trust had lost 7.85% in the past month. In that same time, the Finance sector lost 2.1%, while the S&P 500 lost 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of AGNC Investment in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 11.43% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $428.4 million, indicating a 189.46% increase compared to the same quarter of the previous year.
AGNC's full-year Zacks Consensus Estimates are calling for earnings of $1.6 per share and revenue of $1.47 billion. These results would represent year-over-year changes of +6.67% and +117.69%, respectively.
Investors might also notice recent changes 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.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, AGNC Investment is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 6.33. This signifies a discount in comparison to the average Forward P/E of 7.73 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 234, this industry ranks in the bottom 5% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.