In the latest trading session, Annaly Capital Management (NLY) closed at $10.03, marking a -1.08% move from the previous day. This change lagged the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq added 0.21%.
Prior to today's trading, shares of the real estate investment trust had lost 0.98% over the past month. This has lagged the Finance sector's gain of 4.9% and the S&P 500's gain of 4.65% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be May 1, 2019. The company is expected to report EPS of $0.29, down 3.33% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for NLY. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.71% higher. NLY is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, NLY is holding a Forward P/E ratio of 8.52. Its industry sports an average Forward P/E of 9.03, so we one might conclude that NLY 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 163, which puts it in the bottom 37% 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.
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