AGNC Investment (AGNC - Free Report) closed the most recent trading day at $16.39, moving -0.82% from the previous trading session. This change was narrower than the S&P 500's 1.32% loss on the day. At the same time, the Dow lost 1.41%, and the tech-heavy Nasdaq lost 1.51%.
Prior to today's trading, shares of the real estate investment trust had lost 5.87% over the past month. This has lagged the Finance sector's loss of 4.91% and the S&P 500's loss of 5.09% in that time.
AGNC will be looking to display strength as it nears its next earnings release. On that day, AGNC is projected to report earnings of $0.50 per share, which would represent a year-over-year decline of 20.63%.
Investors might also notice recent changes to analyst estimates for AGNC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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 remained stagnant within the past month. AGNC is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, AGNC is holding a Forward P/E ratio of 8.19. For comparison, its industry has an average Forward P/E of 9.63, which means AGNC is trading at a discount to the group.
We can also see that AGNC currently has a PEG ratio of 2.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust industry currently had an average PEG ratio of 2.65 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 243, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.