Over the last 7 days, the Mortgage Finance industry has dropped 4.0%, and Walker & Dunlop contributed the most with a 9.2% decline. Meanwhile, Guild Holdings actually outperformed within the industry, gaining 8.0% in the last week. As for the longer term, the industry's performance has been flat for the past year.
Industry Valuation and Performance
Has the U.S. Mortgage Finance Industry valuation changed over the past few years?
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Fri, 29 Oct 2021
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Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 12.8x. However, future earnings are expected to decline by 6.0% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Mortgage industry have grown 47% per year over the last three years, and revenues for these companies have grown 50% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the U.S. Mortgage Finance industry?
Thrifts and Mortgage Finance
Industry PE: Investors are most optimistic about the Thrifts and Mortgage Finance industry, which is trading close to its 3-year average PE ratio of 12.8x. However analysts are expecting annual earnings decline of 6.0%, which is lower than the prior year's growth of 32% per year. So the market might believe that analysts are underestimating future growth or they expect the Thrifts and Mortgage Finance industry's earnings to deteriorate the least compared to other industries.
Forecasted Growth: Despite it being negative, analysts are least pessimistic on the Thrifts and Mortgage Finance industry since they expect its earnings to decline by only 6.0% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 32% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?