Yahoo Finance Annaly Capital Management (NLY) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with Annaly Capital Management (NLY) standing at $19.44, reflecting a +1.14% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.6%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq lost 1.08%.
Heading into today, shares of the real estate investment trust had gained 1.32% over the past month, outpacing the Finance sector's gain of 1.12% and lagging the S&P 500's gain of 3.15% in that time.
The investment community will be closely monitoring the performance of Annaly Capital Management in its forthcoming earnings report. The company is expected to report EPS of $0.65, down 9.72% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $318 million, indicating a 1094.99% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.62 per share and a revenue of $958 million, signifying shifts of -8.39% and +960.09%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Annaly Capital Management. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Annaly Capital Management currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Annaly Capital Management is currently being traded at a Forward P/E ratio of 7.34. This signifies a discount in comparison to the average Forward P/E of 7.46 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 212, finds itself in the bottom 16% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Annaly Capital Management Inc (NLY) : Free Stock Analysis Report
