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Annaly Capital Management (NLY) Gains As Market Dips: What You Should Know
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Annaly Capital Management (NLY - Free Report) closed at $7.97 in the latest trading session, marking a +0.38% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.1%. At the same time, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the real estate investment trust had lost 6.59% in the past month. In that same time, the Finance sector gained 5.04%, while the S&P 500 gained 3.67%.
Wall Street will be looking for positivity from Annaly Capital Management as it approaches its next earnings report date. In that report, analysts expect Annaly Capital Management to post earnings of $0.26 per share. This would mark a year-over-year decline of 13.33%. Our most recent consensus estimate is calling for quarterly revenue of $368.46 million, down 14.88% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Annaly Capital Management. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Annaly Capital Management currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Annaly Capital Management is holding a Forward P/E ratio of 7.75. Its industry sports an average Forward P/E of 8.92, so we one might conclude that Annaly Capital Management is trading at a discount comparatively.
Also, we should mention that NLY has a PEG ratio of 1.55. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. NLY's industry had an average PEG ratio of 2.34 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 (NLY) Gains As Market Dips: What You Should Know
Annaly Capital Management (NLY - Free Report) closed at $7.97 in the latest trading session, marking a +0.38% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.1%. At the same time, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.
Coming into today, shares of the real estate investment trust had lost 6.59% in the past month. In that same time, the Finance sector gained 5.04%, while the S&P 500 gained 3.67%.
Wall Street will be looking for positivity from Annaly Capital Management as it approaches its next earnings report date. In that report, analysts expect Annaly Capital Management to post earnings of $0.26 per share. This would mark a year-over-year decline of 13.33%. Our most recent consensus estimate is calling for quarterly revenue of $368.46 million, down 14.88% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Annaly Capital Management. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Annaly Capital Management currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, Annaly Capital Management is holding a Forward P/E ratio of 7.75. Its industry sports an average Forward P/E of 8.92, so we one might conclude that Annaly Capital Management is trading at a discount comparatively.
Also, we should mention that NLY has a PEG ratio of 1.55. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. NLY's industry had an average PEG ratio of 2.34 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.