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The new residential investment (NRZ) closed at $ 16.83 during the last trading session, marking a variation of + 0.66% over the previous day. This evolution exceeded the 0.47% daily gain of the S & P 500. Elsewhere, the Dow Jones index gained 0.31%, while the Nasdaq, very technology-driven, rose 0, 34%.
As of today, real estate investment trust units have lost 1.65% in the past month, which is lower than the 5.13% gain in the financial sector and the 4.67% gain in S & P 500.
NRZ will look to show vigor as it approaches its next earnings release, which is expected to take place on May 1, 2019. That day, NRZ is expected to record a profit of $ 0.54 per share, which would represent a drop from one year to the next. 6.9%. Our most recent consensus is announcing as a quarterly business figure of $ 178.70 million, down 31.06% from last year.
NRZ's Zacks consensual estimates for the entire year expect earnings of $ 2.28 per share and $ 751.14 million in revenue. These results would represent variations from one year to the other of -4.2% and -28.99%, respectively.
Investors may also notice recent changes made to the analyst's estimates for NRZ. Recent revisions tend to reflect the latest short-term business trends. Thus, positive estimates revisions reflect analysts' optimism about the company's operations and profitability.
Research indicates that these revisions of estimates are directly correlated to short-term stock price dynamics. Investors can benefit by using Zacks' ranking. This model takes into account these estimation changes and provides a simple and usable scoring system.
The Zacks ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of unaudited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. On last month, the consensus estimate of Zacks EPS increased by 0.29%. NRZ currently holds rank 3 of Zacks (pending).
As far as valuation is concerned, NRZ has a P / E ratio of 7.34. Its sector of activity has an average average P / E of 8.96; it can therefore be concluded that NRZ is trading at a comparatively discount.
The REIT and Equity Trust sector is part of the finance industry. This group has a ranking of the Zacks industry of 101, which places it in the top 40% of 250 industries and more.
The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all these measures, and much more, on Zacks.com.
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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New Residential Investment Corp. (NRZ): report of analysis of free shares
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To read this article on Zacks.com, click here.
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
New Residential Investment Corp. (NRZ): report of analysis of free shares
To read this article on Zacks.com, click here.
Zacks Investment Research
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