New Residential Investment closed at $16.83 in the latest trading session, marking a +0.66% move from the prior day. This move outpaced the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the real estate investment trust had lost 1.65% over the past month, lagging the Finance sector's gain of 5.13% and the S&P 500's gain of 4.67% in that time.
NRZ will be looking to display strength as it nears its next earnings release, which is expected to be May 1, 2019. On that day, NRZ is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 6.9%. Our most recent consensus estimate is calling for quarterly revenue of $178.70 million, down 31.06% from the year-ago period.
NRZ's full-year Zacks Consensus Estimates are calling for earnings of $2.28 per share and revenue of $751.14 million. These results would represent year-over-year changes of -4.2% and -28.99%, respectively.
Investors might also notice recent changes to analyst estimates for NRZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 moved 0.29% higher. NRZ is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, NRZ is holding a Forward P/E ratio of 7.34. Its industry sports an average Forward P/E of 8.96, so we one might conclude that NRZ is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 101, putting it in the top 40% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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New Residential Investment (NRZ) Outpaces Stock Market Gains: What You Should Know
New Residential Investment closed at $16.83 in the latest trading session, marking a +0.66% move from the prior day. This move outpaced the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the real estate investment trust had lost 1.65% over the past month, lagging the Finance sector's gain of 5.13% and the S&P 500's gain of 4.67% in that time.
NRZ will be looking to display strength as it nears its next earnings release, which is expected to be May 1, 2019. On that day, NRZ is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 6.9%. Our most recent consensus estimate is calling for quarterly revenue of $178.70 million, down 31.06% from the year-ago period.
NRZ's full-year Zacks Consensus Estimates are calling for earnings of $2.28 per share and revenue of $751.14 million. These results would represent year-over-year changes of -4.2% and -28.99%, respectively.
Investors might also notice recent changes to analyst estimates for NRZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 moved 0.29% higher. NRZ is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, NRZ is holding a Forward P/E ratio of 7.34. Its industry sports an average Forward P/E of 8.96, so we one might conclude that NRZ is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 101, putting it in the top 40% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.