AGNC Investment (AGNC) closed the most recent trading day at $9.49, moving +0.21% from the previous trading session. This change outpaced the S&P 500's 0.2% loss on the day. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 1.54%.
Prior to today's trading, shares of the real estate investment trust had 0% over the past month. This has lagged the Finance sector's gain of 2.29% and the S&P 500's gain of 4.14% in that time.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release. The company is expected to report EPS of $0.58, down 30.12% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $342.01 million, up 8.57% from the year-ago period.
AGNC's full-year Zacks Consensus Estimates are calling for earnings of $2.36 per share and revenue of $832.99 million. These results would represent year-over-year changes of -24.12% and -11.38%, respectively.
Investors might also notice recent changes to analyst estimates for AGNC Investment. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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 has moved 1.29% higher. AGNC Investment is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 4.02. For comparison, its industry has an average Forward P/E of 7.27, 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 group has a Zacks Industry Rank of 239, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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