Invesco Mortgage Capital (IVR) Rises Higher Than Market: Key Facts

The latest trading session saw Invesco Mortgage Capital (IVR) ending at $8.59, denoting a +0.82% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.39%. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 0.2%.The real estate investment trust's stock has climbed by 5.32% in the past month, exceeding the Finance sector's gain of 4.25% and the S&P 500's gain of 1.7%.The investment community will be paying close attention to the earnings performance of Invesco Mortgage Capital in its upcoming release. The company is predicted to post an EPS of $0.66, indicating a 30.53% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $14.81 million, up 78.43% from the prior-year quarter.It is also important to note the recent changes to analyst estimates for Invesco Mortgage Capital. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Invesco Mortgage Capital holds a Zacks Rank of #3 (Hold).Digging into valuation, Invesco Mortgage Capital currently has a Forward P/E ratio of 3.42. This valuation marks a discount compared to its industry's average Forward P/E of 8.39.The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 136, this industry ranks in the bottom 46% of all industries, numbering over 250.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report INVESCO MORTGAGE CAPITAL INC (IVR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks