In the latest trading session, Arbor Realty Trust (ABR - Free Report) closed at $11.92, marking a +0.17% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.07%. Elsewhere, the Dow lost 0.21%, while the tech-heavy Nasdaq added 0.13%.
Prior to today's trading, shares of the real estate investment trust had gained 5.4% over the past month. This has outpaced the Finance sector's gain of 5.34% and the S&P 500's gain of 5.36% in that time.
Wall Street will be looking for positivity from ABR as it approaches its next earnings report date. This is expected to be February 15, 2019. On that day, ABR is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $69.20 million, up 50.27% from the year-ago period.
Investors might also notice recent changes to analyst estimates for ABR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.84% higher within the past month. ABR is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, ABR is holding a Forward P/E ratio of 10.09. Its industry sports an average Forward P/E of 15.01, so we one might conclude that ABR is trading at a discount comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 38% of all 250+ industries.
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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.