Armour Residential REIT (ARR) Dips More Than Broader Market: What You Should Know
Armour Residential REIT (ARR) closed the most recent trading day at $19.46, moving -1.67% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.37%. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq lost 0.19%.
Prior to today's trading, shares of the real estate investment trust had gained 4.65% over the past month. This has outpaced the Finance sector's loss of 2.36% and the S&P 500's gain of 1.56% in that time.
The investment community will be paying close attention to the earnings performance of Armour Residential REIT in its upcoming release. The company's upcoming EPS is projected at $0.90, signifying a 33.33% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $38.2 million, up 131.37% from the prior-year quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Armour Residential REIT. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Armour Residential REIT currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Armour Residential REIT is at present trading with a Forward P/E ratio of 5.15. This indicates a discount in contrast to its industry's Forward P/E of 8.23.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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ARMOUR Residential REIT, Inc. (ARR) : Free Stock Analysis Report
