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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 $10.15, marking a +1.7% move from the previous day. This change outpaced the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 1.54%.
Heading into today, shares of the real estate investment trust had lost 6.9% over the past month, lagging the Finance sector's loss of 6.39% and the S&P 500's gain of 2% in that time.
AGNC Investment will be looking to display strength as it nears its next earnings release. In that report, analysts expect AGNC Investment to post earnings of $0.61 per share. This would mark a year-over-year decline of 15.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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.
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.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AGNC Investment is currently a Zacks Rank #3 (Hold).
Looking at its valuation, AGNC Investment is holding a Forward P/E ratio of 4.52. This valuation marks a discount compared to its industry's average Forward P/E of 6.66.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% 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.
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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AGNC Investment (AGNC) Gains As Market Dips: What You Should Know
In the latest trading session, AGNC Investment (AGNC - Free Report) closed at $10.15, marking a +1.7% move from the previous day. This change outpaced the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 1.54%.
Heading into today, shares of the real estate investment trust had lost 6.9% over the past month, lagging the Finance sector's loss of 6.39% and the S&P 500's gain of 2% in that time.
AGNC Investment will be looking to display strength as it nears its next earnings release. In that report, analysts expect AGNC Investment to post earnings of $0.61 per share. This would mark a year-over-year decline of 15.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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.
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.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AGNC Investment is currently a Zacks Rank #3 (Hold).
Looking at its valuation, AGNC Investment is holding a Forward P/E ratio of 4.52. This valuation marks a discount compared to its industry's average Forward P/E of 6.66.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.