In the latest close session, AGNC Investment (AGNC) was up +1.24% at $10.62. This move outpaced the S&P 500’s daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.46%.
Heading into today, shares of the real estate investment trust had lost 0.19% over the past month, lagging the Finance sector’s gain of 2.29% and outpacing the S&P 500’s loss of 1.4%.
Investors will be eagerly watching for the performance of AGNC Investment in its upcoming earnings disclosure. On that day, AGNC Investment is projected to report earnings of $0.38 per share, which would represent no growth from the year-ago period. At the same time, our most recent consensus estimate is projecting a revenue of $361.52 million, reflecting a 123.16% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.56 per share and a revenue of $1.47 billion, indicating changes of +4% and +117.14%, respectively, from the former year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts’ positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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, the Zacks Consensus EPS estimate remained stagnant. As of now, AGNC Investment holds a Zacks Rank of #3 (Hold).
In the context of valuation, AGNC Investment is at present trading with a Forward P/E ratio of 6.71. Its industry sports an average Forward P/E of 8.65, so one might conclude that AGNC Investment 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 199, putting it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
