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AGNC Investment (AGNC) Gains As Market Dips: What You Should Know
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In the latest trading session, AGNC Investment (AGNC - Free Report) closed at $12.23, marking a +0.16% move from the previous day. This move outpaced the S&P 500's daily loss of 0.63%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Heading into today, shares of the real estate investment trust had gained 9.02% over the past month, outpacing the Finance sector's gain of 2.05% and the S&P 500's gain of 0.89% in that time.
Wall Street will be looking for positivity from AGNC Investment as it approaches its next earnings report date. The company is expected to report EPS of $0.60, down 21.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $198 million, down 55.61% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.34 per share and revenue of $1 billion, which would represent changes of -22.52% and -43.9%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AGNC Investment. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 6.05% higher within the past month. AGNC Investment is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AGNC Investment has a Forward P/E ratio of 5.23 right now. This represents a discount compared to its industry's average Forward P/E of 8.99.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 183, putting it in the bottom 28% 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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AGNC Investment (AGNC) Gains As Market Dips: What You Should Know
In the latest trading session, AGNC Investment (AGNC - Free Report) closed at $12.23, marking a +0.16% move from the previous day. This move outpaced the S&P 500's daily loss of 0.63%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Heading into today, shares of the real estate investment trust had gained 9.02% over the past month, outpacing the Finance sector's gain of 2.05% and the S&P 500's gain of 0.89% in that time.
Wall Street will be looking for positivity from AGNC Investment as it approaches its next earnings report date. The company is expected to report EPS of $0.60, down 21.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $198 million, down 55.61% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.34 per share and revenue of $1 billion, which would represent changes of -22.52% and -43.9%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AGNC Investment. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 6.05% higher within the past month. AGNC Investment is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AGNC Investment has a Forward P/E ratio of 5.23 right now. This represents a discount compared to its industry's average Forward P/E of 8.99.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 183, putting it in the bottom 28% 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.