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Annaly Capital Management (NLY) Stock Moves -0.42%: What You Should Know
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In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $7.09, marking a -0.42% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the real estate investment trust had lost 8.25% over the past month, lagging the Finance sector's loss of 3.89% and the S&P 500's loss of 4.24% in that time.
Investors will be hoping for strength from Annaly Capital Management as it approaches its next earnings release. In that report, analysts expect Annaly Capital Management to post earnings of $0.24 per share. This would mark a year-over-year decline of 17.24%. Meanwhile, our latest consensus estimate is calling for revenue of $341 million, down 50.39% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.97 per share and revenue of $1.43 billion. These totals would mark changes of -16.38% and -17.46%, respectively, from last year.
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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.54% lower. Annaly Capital Management currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Annaly Capital Management has a Forward P/E ratio of 7.37 right now. This represents a discount compared to its industry's average Forward P/E of 8.6.
Also, we should mention that NLY has a PEG ratio of 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust industry currently had an average PEG ratio of 1.88 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 208, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow NLY in the coming trading sessions, be sure to utilize Zacks.com.
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Annaly Capital Management (NLY) Stock Moves -0.42%: What You Should Know
In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $7.09, marking a -0.42% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the real estate investment trust had lost 8.25% over the past month, lagging the Finance sector's loss of 3.89% and the S&P 500's loss of 4.24% in that time.
Investors will be hoping for strength from Annaly Capital Management as it approaches its next earnings release. In that report, analysts expect Annaly Capital Management to post earnings of $0.24 per share. This would mark a year-over-year decline of 17.24%. Meanwhile, our latest consensus estimate is calling for revenue of $341 million, down 50.39% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.97 per share and revenue of $1.43 billion. These totals would mark changes of -16.38% and -17.46%, respectively, from last year.
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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.54% lower. Annaly Capital Management currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Annaly Capital Management has a Forward P/E ratio of 7.37 right now. This represents a discount compared to its industry's average Forward P/E of 8.6.
Also, we should mention that NLY has a PEG ratio of 1.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust industry currently had an average PEG ratio of 1.88 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 208, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow NLY in the coming trading sessions, be sure to utilize Zacks.com.