Invesco Mortgage Capital (IVR) Gains but Lags Market: Key Metrics and Analyst Expectations to Watch
Invesco Mortgage Capital (IVR) closed at $7.73 in the latest trading session, marking a +1.05% move from the prior day. The stock outperformed the S&P 500, which registered a gain of 1.11% for the day. Meanwhile, the Dow experienced a rise of 1.19%, and the technology-dominated Nasdaq saw an increase of 1.43%.
Shares of Invesco Mortgage Capital have gained 4.08% in the past month, outperforming the Finance sector's gain of 1.91% and the S&P 500's gain of 3.92%. Market participants are closely following the financial results of Invesco Mortgage Capital in its upcoming release. The company is expected to report EPS of $0.56, down 34.88% from the prior-year quarter. In the meantime, our current consensus estimate forecasts revenue to be $19.99 million, indicating a 131.37% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.23 per share and revenue of $83.91 million, which would represent changes of -22.57% and +127.85%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for Invesco Mortgage Capital, as these revisions tend to reflect the latest near-term business trends and indicate analysts' favorable outlook on the business health and profitability.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outperforming externally audited benchmarks, with #1 stocks returning an average annual gain of +25% since 1988. Invesco Mortgage Capital is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Invesco Mortgage Capital is currently exchanging hands at a Forward P/E ratio of 3.44, which is lower than its industry's average Forward P/E of 8.27. The REIT and Equity Trust industry is part of the Finance sector and currently holds a Zacks Industry Rank of 193, ranking in the bottom 22% of all industries.
In conclusion, Invesco Mortgage Capital has shown strong performance in recent trading sessions and is expected to report strong financial results in its upcoming release. Investors should keep a close eye on any recent adjustments to analyst estimates for this stock as they may provide valuable insights into its future performance. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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INVESCO MORTGAGE CAPITAL INC (IVR) : Free Stock Analysis Report
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