Invesco Mortgage Capital (IVR) closed at $11.86 in the latest trading session, marking a +1.02% move from the prior day. This move outpaced the S&P 500's daily gain of 0.24%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq lost 7.84%.
Coming into today, shares of the real estate investment trust had gained 3.16% in the past month. In that same time, the Finance sector gained 4.08%, while the S&P 500 gained 3.39%.
Wall Street will be looking for positivity from Invesco Mortgage Capital as it approaches its next earnings report date. The company is expected to report EPS of $1.07, down 23.57% from the prior-year quarter.
Any recent changes to analyst estimates for Invesco Mortgage Capital should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Invesco Mortgage Capital currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Invesco Mortgage Capital has a Forward P/E ratio of 2.54 right now. Its industry sports an average Forward P/E of 8.16, so we one might conclude that Invesco Mortgage Capital is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 219, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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INVESCO MORTGAGE CAPITAL INC (IVR) : Free Stock Analysis Report
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