In the latest trading session, Annaly Capital Management (NLY) closed at $21.84, marking a -1.04% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.13%. At the same time, the Dow lost 0.27%, and the tech-heavy Nasdaq lost 0.07%.
Shares of the real estate investment trust have appreciated by 6.88% over the course of the past month, outperforming the Finance sector's gain of 2.86%, and the S&P 500's gain of 2.71%.
Market participants will be closely following the financial results of Annaly Capital Management in its upcoming release. The company's earnings per share (EPS) are projected to be $0.72, reflecting a 9.09% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $447 million, indicating a 3235.82% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.89 per share and a revenue of $1.4 billion, signifying shifts of +7.04% and +463.37%, respectively, from the 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 business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 remained stagnant within the past month. Annaly Capital Management currently has a Zacks Rank of #3 (Hold).
Investors should also note Annaly Capital Management's current valuation metrics, including its Forward P/E ratio of 7.64. This indicates a discount in contrast to its industry's Forward P/E of 9.23.
It's also important to note that NLY currently trades at a PEG ratio of 5.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The REIT and Equity Trust industry had an average PEG ratio of 4.12 as trading concluded yesterday.
The REIT and Equity Trust industry is part of the Finance sector. With its current Zacks Industry Rank of 192, this industry ranks in the bottom 23% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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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Annaly Capital Management Inc (NLY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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