Arbor Realty Trust (ABR) closed at $11.36 in the latest trading session, marking a +0.09% move from the prior day. This change lagged the S&P 500's 1.07% gain on the day. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 1.71%.
Prior to today's trading, shares of the real estate investment trust had gained 3.84% over the past month. This has outpaced the Finance sector's gain of 1.99% and the S&P 500's loss of 0.58% in that time.
Wall Street will be looking for positivity from ABR as it approaches its next earnings report date. This is expected to be February 22, 2019. In that report, analysts expect ABR to post earnings of $0.27 per share. This would mark year-over-year growth of 8%. Our most recent consensus estimate is calling for quarterly revenue of $69.20 million, up 50.27% from the year-ago period.
Investors should also note any recent changes to analyst estimates for ABR. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ABR is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, ABR is currently trading at a Forward P/E ratio of 9.66. This represents a discount compared to its industry's average Forward P/E of 13.72.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 38% 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. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ABR in the coming trading sessions, be sure to utilize Zacks.com.
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