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AGNC Investment (AGNC) Outpaces Stock Market Gains: What You Should Know
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AGNC Investment (AGNC - Free Report) closed at $10.07 in the latest trading session, marking a +1.1% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.33%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.92%.
Heading into today, shares of the real estate investment trust had gained 2.26% over the past month, lagging the Finance sector's gain of 2.41% and the S&P 500's gain of 5.67% in that time.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release, which is expected to be April 24, 2023. 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%. Our most recent consensus estimate is calling for quarterly revenue of $299.25 million, down 29.26% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.30 per share and revenue of $1.15 billion. These totals would mark changes of -26.05% and +21.94%, respectively, from last year.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 4.19% higher within the past month. AGNC Investment is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 4.33. This valuation marks a discount compared to its industry's average Forward P/E of 6.7.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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) Outpaces Stock Market Gains: What You Should Know
AGNC Investment (AGNC - Free Report) closed at $10.07 in the latest trading session, marking a +1.1% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.33%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.92%.
Heading into today, shares of the real estate investment trust had gained 2.26% over the past month, lagging the Finance sector's gain of 2.41% and the S&P 500's gain of 5.67% in that time.
Investors will be hoping for strength from AGNC Investment as it approaches its next earnings release, which is expected to be April 24, 2023. 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%. Our most recent consensus estimate is calling for quarterly revenue of $299.25 million, down 29.26% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.30 per share and revenue of $1.15 billion. These totals would mark changes of -26.05% and +21.94%, respectively, from last year.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 4.19% higher within the past month. AGNC Investment is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 4.33. This valuation marks a discount compared to its industry's average Forward P/E of 6.7.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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.