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AGNC Investment (AGNC) Gains But Lags Market: What You Should Know
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AGNC Investment (AGNC - Free Report) closed the most recent trading day at $9.40, moving +0.21% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, added 0.83%.
Prior to today's trading, shares of the real estate investment trust had lost 4.77% over the past month. This has lagged the Finance sector's loss of 1.79% and the S&P 500's loss of 2.84% 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 $0.54, down 35.71% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $310.17 million, up 75.24% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.41 per share and revenue of $417.5 million. These totals would mark changes of -22.51% and -55.59%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AGNC Investment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 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. The Zacks Consensus EPS estimate remained stagnant within the past month. AGNC Investment is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 3.9. This represents a discount compared to its industry's average Forward P/E of 7.02.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 183, which puts 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AGNC Investment (AGNC) Gains But Lags Market: What You Should Know
AGNC Investment (AGNC - Free Report) closed the most recent trading day at $9.40, moving +0.21% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.59%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, added 0.83%.
Prior to today's trading, shares of the real estate investment trust had lost 4.77% over the past month. This has lagged the Finance sector's loss of 1.79% and the S&P 500's loss of 2.84% 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 $0.54, down 35.71% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $310.17 million, up 75.24% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.41 per share and revenue of $417.5 million. These totals would mark changes of -22.51% and -55.59%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AGNC Investment. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 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. The Zacks Consensus EPS estimate remained stagnant within the past month. AGNC Investment is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, AGNC Investment is currently trading at a Forward P/E ratio of 3.9. This represents a discount compared to its industry's average Forward P/E of 7.02.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 183, which puts 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.
You can find more information on all of these metrics, and much more, on Zacks.com.