In the latest trading session, Arbor Realty Trust (ABR) closed at $13.37, marking a -0.26% move from the previous day. This move lagged the S&P 500's daily gain of 0.19%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.81%.
Prior to today's trading, shares of the real estate investment trust had gained 2.13% over the past month. This has outpaced the Finance sector's gain of 1.46% and the S&P 500's gain of 0.56% in that time.
ABR will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2019. On that day, ABR is projected to report earnings of $0.33 per share, which would represent a year-over-year decline of 10.81%. Meanwhile, our latest consensus estimate is calling for revenue of $85.40 million, up 26.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.33 per share and revenue of $323.70 million, which would represent changes of +9.92% and +28.57%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ABR. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. ABR is currently a Zacks Rank #3 (Hold).
Investors should also note ABR's current valuation metrics, including its Forward P/E ratio of 10.07. Its industry sports an average Forward P/E of 16.42, so we one might conclude that ABR is trading at a discount comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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