Invesco Mortgage Capital (US:IVR) ZACKSยท2024-07-15 22:56Company Performance - Invesco Mortgage Capital (IVR) ended the latest trading session at $9.62, reflecting a -0.21% adjustment from the previous day's close, underperforming the S&P 500 which gained 0.28% [1] - Over the past month, shares of Invesco Mortgage Capital have increased by 6.28%, outperforming the Finance sector's decline of 2.84% and the S&P 500's gain of 3.78% [2] Earnings Projections - Invesco Mortgage Capital is projected to report earnings of $0.75 per share in the upcoming earnings disclosure, indicating a year-over-year decline of 48.28%. Revenue is anticipated to be $9.27 million, representing a 25.3% decrease from the same quarter last year [3] - Full-year Zacks Consensus Estimates forecast earnings of $3.58 per share and revenue of $41.23 million, reflecting year-over-year changes of -33.08% and -17.04%, respectively [4] Analyst Estimates and Valuation - Recent changes in analyst estimates for Invesco Mortgage Capital are crucial as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [5] - Invesco Mortgage Capital is currently trading at a Forward P/E ratio of 2.69, significantly lower than the industry average Forward P/E of 7.73, suggesting that the company is trading at a discount [7] Industry Context - The REIT and Equity Trust industry, which includes Invesco Mortgage Capital, has a Zacks Industry Rank of 201, placing it in the bottom 21% of over 250 industries [10] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that Invesco Mortgage Capital currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [9]