AGNC Funding (AGNC) closed the newest buying and selling day at $15.66, shifting +0.22% from the ea
AGNC Funding (AGNC) closed the newest buying and selling day at $15.66, shifting +0.22% from the earlier buying and selling session. This variation outpaced the S&P 500’s 0.72% loss on the day. Elsewhere, the Dow misplaced 0.57%, whereas the tech-heavy Nasdaq misplaced 0.87%.
Previous to as we speak’s buying and selling, shares of the actual property funding belief had gained 1.03% over the previous month. This has lagged the Finance sector’s acquire of seven.99% and the S&P 500’s acquire of 4.69% in that point.
Wall Road shall be on the lookout for positivity from AGNC because it approaches its subsequent earnings report date. That is anticipated to be January 25, 2021. The corporate is anticipated to report EPS of $0.64, up 12.28% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $384 million, up 33.8% from the year-ago interval.
Any latest modifications to analyst estimates for AGNC must also be famous by buyers. These latest revisions are inclined to replicate the evolving nature of short-term enterprise traits. With this in thoughts, we will think about optimistic estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Our analysis exhibits that these estimate modifications are immediately correlated with near-term inventory costs. To profit from this, we’ve developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and supplies an actionable score system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited observe file of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Throughout the previous 30 days, our consensus EPS projection remained stagnant. AGNC at present has a Zacks Rank of #2 (Purchase).
When it comes to valuation, AGNC is at present buying and selling at a Ahead P/E ratio of 6.58. For comparability, its business has a mean Ahead P/E of 9.56, which suggests AGNC is buying and selling at a reduction to the group.
The REIT and Fairness Belief business is a part of the Finance sector. This group has a Zacks Business Rank of 197, placing it within the backside 23% of all 250+ industries.
The Zacks Business Rank gauges the energy of our particular person business teams by measuring the common Zacks Rank of the person shares inside the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Be certain that to make the most of Zacks. Com to observe all of those stock-moving metrics, and extra, within the coming buying and selling periods.
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AGNC Funding Corp. (AGNC): Free Inventory Evaluation Report
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