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Annaly Capital Management (NLY) Gains But Lags Market: What You Should Know
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In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $19.35, marking a +0.89% move from the previous day. The stock lagged the S&P 500's daily gain of 1.33%. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Prior to today's trading, shares of the real estate investment trust had gained 2.68% over the past month. This has outpaced the Finance sector's gain of 0.75% and lagged the S&P 500's gain of 6.11% in that time.
Annaly Capital Management will be looking to display strength as it nears its next earnings release, which is expected to be April 26, 2023. On that day, Annaly Capital Management is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 33.93%. Our most recent consensus estimate is calling for quarterly revenue of $183 million, down 68.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.87 per share and revenue of $956 million. These totals would mark changes of -31.99% and -34.93%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has moved 4.65% lower. Annaly Capital Management is currently a Zacks Rank #3 (Hold).
Digging into valuation, Annaly Capital Management currently has a Forward P/E ratio of 6.68. Its industry sports an average Forward P/E of 7.06, so we one might conclude that Annaly Capital Management is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 24% 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) Gains But Lags Market: What You Should Know
In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $19.35, marking a +0.89% move from the previous day. The stock lagged the S&P 500's daily gain of 1.33%. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Prior to today's trading, shares of the real estate investment trust had gained 2.68% over the past month. This has outpaced the Finance sector's gain of 0.75% and lagged the S&P 500's gain of 6.11% in that time.
Annaly Capital Management will be looking to display strength as it nears its next earnings release, which is expected to be April 26, 2023. On that day, Annaly Capital Management is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 33.93%. Our most recent consensus estimate is calling for quarterly revenue of $183 million, down 68.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.87 per share and revenue of $956 million. These totals would mark changes of -31.99% and -34.93%, respectively, from last year.
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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has moved 4.65% lower. Annaly Capital Management is currently a Zacks Rank #3 (Hold).
Digging into valuation, Annaly Capital Management currently has a Forward P/E ratio of 6.68. Its industry sports an average Forward P/E of 7.06, so we one might conclude that Annaly Capital Management is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 24% 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.