Armour Residential REIT (ARR) Dips More Than Broader Markets: What You Should Know
Armour Residential REIT (ARR) closed at $6.47 in the latest trading session, marking a -1.37% move from the prior day. This move lagged the S&P 500's daily loss of 1.13%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 0.18%.
Prior to today's trading, shares of the real estate investment trust had lost 7.08% over the past month. This has lagged the Finance sector's loss of 5.01% and was narrower than the S&P 500's loss of 7.59% in that time.
Investors will be hoping for strength from Armour Residential REIT as it approaches its next earnings release. On that day, Armour Residential REIT is projected to report earnings of $0.31 per share, which would represent year-over-year growth of 24%. Meanwhile, our latest consensus estimate is calling for revenue of $34.84 million, up 70.62% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $137.97 million, which would represent changes of +21.88% and +87.25%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Armour Residential REIT. Recent revisions tend to reflect the latest 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.
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. Armour Residential REIT is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Armour Residential REIT is holding a Forward P/E ratio of 5.61. This represents a discount compared to its industry's average Forward P/E of 8.8.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% 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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