Invesco Mortgage Capital (IVR) Outpaces Stock Market Gains: What You Should Know

Invesco Mortgage Capital (IVR) closed the most recent trading day at $8.04, moving +1.64% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.48%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.94%.

Prior to today's trading, shares of the real estate investment trust had gained 5.75% outpaced the Finance sector's gain of 3.5% and the S&P 500's gain of 5.13%.

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Analysts and investors alike will be keeping a close eye on the performance of Invesco Mortgage Capital in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.56, showcasing a 34.88% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $19.99 million, up 131.37% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $83.91 million, demonstrating changes of -22.57% and +127.85%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Invesco Mortgage Capital. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Invesco Mortgage Capital is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, Invesco Mortgage Capital currently has a Forward P/E ratio of 3.56. For comparison, its industry has an average Forward P/E of 8.63, which means Invesco Mortgage Capital is trading at a discount to the group.

The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 22% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

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INVESCO MORTGAGE CAPITAL INC (IVR) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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