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Armour Residential REIT (ARR) Gains As Market Dips: What You Should Know
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In the latest trading session, Armour Residential REIT (ARR - Free Report) closed at $5.13, marking a +0.39% move from the previous day. This move outpaced the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.23%, and the tech-heavy Nasdaq gained 0.97%.
Prior to today's trading, shares of the real estate investment trust had gained 4.71% over the past month. This has lagged the Finance sector's gain of 6.87% and the S&P 500's gain of 6.23% in that time.
Investors will be hoping for strength from Armour Residential REIT as it approaches its next earnings release. On that day, Armour Residential REIT is projected to report earnings of $0.25 per share, which would represent a year-over-year decline of 10.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $58.72 million, up 89.78% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.09 per share and revenue of $253.99 million. These totals would mark changes of -6.03% and +135.96%, respectively, from last year.
Any recent changes to analyst estimates for Armour Residential REIT 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.
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 remained stagnant. Armour Residential REIT is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Armour Residential REIT's current valuation metrics, including its Forward P/E ratio of 4.69. For comparison, its industry has an average Forward P/E of 6.69, which means Armour Residential REIT 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 183, putting it in the bottom 28% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Armour Residential REIT (ARR) Gains As Market Dips: What You Should Know
In the latest trading session, Armour Residential REIT (ARR - Free Report) closed at $5.13, marking a +0.39% move from the previous day. This move outpaced the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.23%, and the tech-heavy Nasdaq gained 0.97%.
Prior to today's trading, shares of the real estate investment trust had gained 4.71% over the past month. This has lagged the Finance sector's gain of 6.87% and the S&P 500's gain of 6.23% in that time.
Investors will be hoping for strength from Armour Residential REIT as it approaches its next earnings release. On that day, Armour Residential REIT is projected to report earnings of $0.25 per share, which would represent a year-over-year decline of 10.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $58.72 million, up 89.78% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.09 per share and revenue of $253.99 million. These totals would mark changes of -6.03% and +135.96%, respectively, from last year.
Any recent changes to analyst estimates for Armour Residential REIT 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.
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 remained stagnant. Armour Residential REIT is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Armour Residential REIT's current valuation metrics, including its Forward P/E ratio of 4.69. For comparison, its industry has an average Forward P/E of 6.69, which means Armour Residential REIT 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 183, putting it in the bottom 28% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.