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AGNC Investment (AGNC) Dips More Than Broader Market: What You Should Know
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In the latest close session, AGNC Investment (AGNC - Free Report) was down 1.72% at $9.46. The stock trailed the S&P 500, which registered a daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Shares of the real estate investment trust witnessed a loss of 11.74% over the previous month, trailing the performance of the Finance sector with its loss of 3.48%, and the S&P 500's gain of 0.96%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.39, marking a 11.43% rise compared to the same quarter of the previous year. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.6 per share and revenue of $1.47 billion, indicating changes of +6.67% and +117.69%, respectively, compared to the previous year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, AGNC Investment is at present trading with a Forward P/E ratio of 6.03. For comparison, its industry has an average Forward P/E of 7.22, which means AGNC Investment is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 9% of all 250+ industries.
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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AGNC Investment (AGNC) Dips More Than Broader Market: What You Should Know
In the latest close session, AGNC Investment (AGNC - Free Report) was down 1.72% at $9.46. The stock trailed the S&P 500, which registered a daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Shares of the real estate investment trust witnessed a loss of 11.74% over the previous month, trailing the performance of the Finance sector with its loss of 3.48%, and the S&P 500's gain of 0.96%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.39, marking a 11.43% rise compared to the same quarter of the previous year. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.6 per share and revenue of $1.47 billion, indicating changes of +6.67% and +117.69%, respectively, compared to the previous year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, AGNC Investment is at present trading with a Forward P/E ratio of 6.03. For comparison, its industry has an average Forward P/E of 7.22, which means AGNC Investment is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 9% of all 250+ industries.
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.