AGNC Funding (AGNC) closed at $15.43 within the newest buying and selling session, marking a -0.23%
AGNC Funding (AGNC) closed at $15.43 within the newest buying and selling session, marking a -0.23% transfer from the prior day. This transfer was narrower than the S&P 500’s each day lack of 0.35%. On the similar time, the Dow misplaced 0.41%, and the tech-heavy Nasdaq misplaced 0.07%.
Coming into right now, shares of the true property funding belief had gained 2.45% up to now month. In that very same time, the Finance sector gained 3.64%, whereas the S&P 500 gained 3.21%.
AGNC shall be seeking to show energy because it nears its subsequent earnings launch. On that day, AGNC is projected to report earnings of $0.64 per share, which might symbolize year-over-year development of 12.28%. In the meantime, our newest consensus estimate is looking for income of $384 million, up 33.8% from the prior-year quarter.
Trying on the full 12 months, our Zacks Consensus Estimates counsel analysts expect earnings of $2.60 per share and income of $1.61 billion. These totals would mark adjustments of +20.37% and +131.89%, respectively, from final 12 months.
Buyers also needs to be aware any latest adjustments to analyst estimates for AGNC. These revisions assist to point out the ever-changing nature of near-term enterprise tendencies. With this in thoughts, we will take into account constructive estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Primarily based on our analysis, we imagine these estimate revisions are straight associated to near-team inventory strikes. To profit from this, we now have developed the Zacks Rank, a proprietary mannequin which takes these estimate adjustments into consideration and offers an actionable ranking system.
The Zacks Rank system, which ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote), has a powerful outside-audited observe report of outperformance, with #1 shares producing a median annual return of +25% since 1988. Throughout the previous 30 days, our consensus EPS projection has moved 5.2% greater. AGNC at the moment has a Zacks Rank of #2 (Purchase).
Taking a look at its valuation, AGNC is holding a Ahead P/E ratio of 5.94. This represents a reduction in comparison with its business’s common Ahead P/E of 9.57.
The REIT and Fairness Belief business is a part of the Finance sector. This business at the moment has a Zacks Trade Rank of 116, which places it within the prime 46% of all 250+ industries.
The Zacks Trade Rank consists of is listed so as from greatest to worst when it comes to the typical Zacks Rank of the person firms inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Yow will discover extra data on all of those metrics, and way more, on Zacks.com.
Need the newest suggestions from Zacks Funding Analysis? In the present day, you may obtain 7 Finest Shares for the Subsequent 30 Days. Click on to get this free report
AGNC Funding Corp. (AGNC): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.