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Annaly Capital Management (NLY) Outpaces Stock Market Gains: What You Should Know
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Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $7.22, moving +1.4% from the previous trading session. This change outpaced the S&P 500's 1.13% gain on the day. Elsewhere, the Dow gained 0.74%, while the tech-heavy Nasdaq added 0.87%.
Heading into today, shares of the real estate investment trust had gained 0.14% over the past month, lagging the Finance sector's gain of 0.44% and the S&P 500's gain of 2.65% 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, the Zacks Consensus Estimate for revenue is projecting net sales of $341 million, down 50.39% from the year-ago period.
NLY's full-year Zacks Consensus Estimates are calling for earnings of $0.97 per share and revenue of $1.43 billion. These results would represent year-over-year changes of -16.38% and -17.46%, respectively.
Investors should also note any recent changes to analyst estimates for Annaly Capital Management. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Annaly Capital Management is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Annaly Capital Management is holding a Forward P/E ratio of 7.37. Its industry sports an average Forward P/E of 8.83, so we one might conclude that Annaly Capital Management is trading at a discount comparatively.
Investors should also note that NLY has a PEG ratio of 1.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 13% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Annaly Capital Management (NLY) Outpaces Stock Market Gains: What You Should Know
Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $7.22, moving +1.4% from the previous trading session. This change outpaced the S&P 500's 1.13% gain on the day. Elsewhere, the Dow gained 0.74%, while the tech-heavy Nasdaq added 0.87%.
Heading into today, shares of the real estate investment trust had gained 0.14% over the past month, lagging the Finance sector's gain of 0.44% and the S&P 500's gain of 2.65% 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, the Zacks Consensus Estimate for revenue is projecting net sales of $341 million, down 50.39% from the year-ago period.
NLY's full-year Zacks Consensus Estimates are calling for earnings of $0.97 per share and revenue of $1.43 billion. These results would represent year-over-year changes of -16.38% and -17.46%, respectively.
Investors should also note any recent changes to analyst estimates for Annaly Capital Management. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Annaly Capital Management is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Annaly Capital Management is holding a Forward P/E ratio of 7.37. Its industry sports an average Forward P/E of 8.83, so we one might conclude that Annaly Capital Management is trading at a discount comparatively.
Investors should also note that NLY has a PEG ratio of 1.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust stocks are, on average, holding a PEG ratio of 1.8 based on yesterday's closing prices.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 13% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.