AGNC Investments (AGNC) recently closed at $9.74, up +0.62% from the previous day. The stock outperformed the S&P 500’s daily gain of 0.07%, while the Dow fell 0.13% and the tech-heavy Nasdaq rose 0.14%.
Shares of the real estate investment trust have added 0.21% over the past month, outpacing the Financial sector’s loss of 5.5% and lagging the S&P 500’s gain of 4.34%.
The investment community will be closely monitoring the performance of AGNC Investment’s upcoming earnings report. The company is scheduled to release its earnings on July 22, 2024. The company is projected to post EPS of $0.53, which would represent a year-over-year decrease of 20.9%. Our most recent consensus estimate is calling for quarterly revenue of $404 million, up 685.51% from the year-ago period.
The Zacks Consensus Estimates are projecting earnings of $2.14 per share and revenue of $1.16 billion for the full year, which would represent changes of -18.01% and +569.51%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AGNC Investment, as these latest adjustments often reflect shifting near-term business patterns, so positive estimate revisions can be interpreted as a good sign for the company’s business outlook.
Our research shows that these estimate changes are directly correlated to near-term stock price movements, and investors can capitalize on this by using the Zacks Rank, which is our model that takes these estimate changes into account and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, third-party-audited, track record of outperformance, with #1-ranked stocks generating an average annual return of +25% since 1988. Within the past month, the Zacks Consensus EPS estimate has remained stable. Currently, AGNC Investment has a Zacks Rank #3 (Hold).
Looking at valuation, AGNC Investment is currently trading with a Forward P/E ratio of 4.52, which suggests it is undervalued compared to its industry’s Forward P/E ratio of 7.54.
The REITs and Equity Trusts industry is a part of the Financial Services sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% 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, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To monitor all of these indicators and more impacting stocks in the coming trading sessions, remember to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Download today: 7 Best Stocks for the Next 30 Days Click to get this free report.
AGNC Investment Corporation (AGNC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
