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Annaly Capital Management (NLY) Dips More Than Broader Markets: What You Should Know
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Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $21.08, moving -1.4% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Prior to today's trading, shares of the real estate investment trust had lost 2.29% over the past month. This has was narrower than the Finance sector's loss of 2.43% and the S&P 500's loss of 2.59% in that time.
Annaly Capital Management will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.87, down 22.32% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $353.69 million, down 2.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.22 per share and revenue of $1.73 billion. These totals would mark changes of -9.05% and -0.36%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Annaly Capital Management. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Annaly Capital Management is currently a Zacks Rank #3 (Hold).
In terms of valuation, Annaly Capital Management is currently trading at a Forward P/E ratio of 5.06. For comparison, its industry has an average Forward P/E of 6.9, which means Annaly Capital Management is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 45% 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) Dips More Than Broader Markets: What You Should Know
Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $21.08, moving -1.4% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Prior to today's trading, shares of the real estate investment trust had lost 2.29% over the past month. This has was narrower than the Finance sector's loss of 2.43% and the S&P 500's loss of 2.59% in that time.
Annaly Capital Management will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.87, down 22.32% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $353.69 million, down 2.03% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.22 per share and revenue of $1.73 billion. These totals would mark changes of -9.05% and -0.36%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Annaly Capital Management. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Annaly Capital Management is currently a Zacks Rank #3 (Hold).
In terms of valuation, Annaly Capital Management is currently trading at a Forward P/E ratio of 5.06. For comparison, its industry has an average Forward P/E of 6.9, which means Annaly Capital Management is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 45% 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.