In the latest trading session, Annaly Capital Management (NLY) closed at $10.43, marking a +0.38% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Coming into today, shares of the real estate investment trust had gained 5.59% in the past month. In that same time, the Finance sector gained 7.5%, while the S&P 500 gained 8.01%.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be February 13, 2019. The company is expected to report EPS of $0.28, down 9.68% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for NLY. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 2.56% lower. NLY is currently a Zacks Rank #3 (Hold).
Digging into valuation, NLY currently has a Forward P/E ratio of 9.11. This valuation marks a discount compared to its industry's average Forward P/E of 9.51.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 26% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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