In the latest trading session, Annaly Capital Management (NLY) closed at $10, marking a -0.6% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 2.32%, while the tech-heavy Nasdaq lost 2.78%.
Heading into today, shares of the real estate investment trust had gained 1.72% over the past month, outpacing the Finance sector's loss of 2.67% and the S&P 500's loss of 3.33% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be February 13, 2019. On that day, NLY is projected to report earnings of $0.28 per share, which would represent a year-over-year decline of 9.68%.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. The Zacks Consensus EPS estimate has moved 0.28% lower within the past month. NLY is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, NLY is currently trading at a Forward P/E ratio of 8.45. This represents a discount compared to its industry's average Forward P/E of 9.29.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 27% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Annaly Capital Management Inc (NLY) : Free Stock Analysis Report
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