In the latest trading session, Annaly Capital Management (NLY) closed at $18.77, marking a -0.37% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.09%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq decreased by 0.1%.
Prior to today's trading, shares of the real estate investment trust had lost 3.24% over the past month. This has was narrower than the Finance sector's loss of 4.24% and lagged the S&P 500's loss of 0.29% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Annaly Capital Management in its upcoming earnings disclosure. The company is expected to report EPS of $0.67, down 1.47% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $242 million, reflecting a 551.91% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.65 per share and revenue of $302.5 million. These totals would mark changes of -7.34% and +371.58%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Annaly Capital Management. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Annaly Capital Management possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Annaly Capital Management is presently trading at a Forward P/E ratio of 7.12. This valuation marks a discount compared to its industry's average Forward P/E of 9.08.
The REIT and Equity Trust industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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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