In the latest trading session, AGNC Investment (AGNC) closed at $9.85, marking a +1.76% move from the previous day. This move outpaced the S&P 500's daily gain of 1.3%. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq added 7.48%.
Coming into today, shares of the real estate investment trust had lost 15.01% in the past month. In that same time, the Finance sector lost 10.17%, while the S&P 500 lost 2.95%.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release. In that report, analysts expect AGNC Investment to post earnings of $0.60 per share. This would mark a year-over-year decline of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $299.25 million, down 29.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.21 per share and revenue of $1.15 billion, which would represent changes of -28.94% and +21.94%, respectively, from the prior year.
Any recent changes to analyst estimates for AGNC Investment should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AGNC Investment is currently a Zacks Rank #3 (Hold).
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 4.38. This valuation marks a discount compared to its industry's average Forward P/E of 6.52.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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