In the latest trading session, Arbor Realty Trust (ABR) closed at $9.96, marking a -1.39% move from the previous day. This change was narrower than the S&P 500's 2.06% loss on the day. Elsewhere, the Dow lost 1.81%, while the tech-heavy Nasdaq lost 2.99%.
Prior to today's trading, shares of the real estate investment trust had lost 14.98% over the past month. This has lagged the Finance sector's loss of 7.42% and the S&P 500's loss of 6.47% 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. The company is expected to report EPS of $0.27, up 8% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $69.20 million, up 50.27% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.19 per share and revenue of $247.60 million, which would represent changes of +14.42% and +58.54%, respectively, from the prior year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ABR is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, ABR currently has a Forward P/E ratio of 8.49. This valuation marks a discount compared to its industry's average Forward P/E of 13.54.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 41% 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.
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