Some sunshine with a thunderstorm or two possible this afternoon. A few storms may be severe. High 83F. Winds WSW at 10 to 15 mph. Chance of rain 30%..
Tonight
Some clouds this evening will give way to mainly clear skies overnight. Low 62F. Winds NW at 5 to 10 mph.
Arbor Realty Trust (ABR) closed the most recent trading day at $5.08, moving +1.8% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.02%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.18%.
Shares of the real estate investment trust witnessed a loss of 7.59% over the previous month, trailing the performance of the Finance sector with its gain of 2.94%, and the S&P 500's gain of 0.77%.
Analysts and investors alike will be keeping a close eye on the performance of Arbor Realty Trust in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.09, signifying a 64.00% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $230.69 million, indicating a 4% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.4 per share and revenue of $921.65 million, which would represent changes of -62.62% and -1.95%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Arbor Realty Trust. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 16.67% lower. Arbor Realty Trust currently has a Zacks Rank of #4 (Sell).
Investors should also note Arbor Realty Trust's current valuation metrics, including its Forward P/E ratio of 12.48. For comparison, its industry has an average Forward P/E of 8.4, which means Arbor Realty Trust is trading at a premium to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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