Annaly Capital Management (NLY) closed the most recent trading day at $22.95, moving +1.73% from the previous trading session. This change outpaced the S&P 500's 0.05% loss on the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 0.24%.
Shares of the real estate investment trust witnessed a gain of 4.44% over the previous month, beating the performance of the Finance sector with its gain of 2.3%, and the S&P 500's loss of 1.42%.
Investors will be eagerly watching for the performance of Annaly Capital Management in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.74, marking a 1.37% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $488 million, indicating a 78.62% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.98 per share and revenue of $1.93 billion, which would represent changes of +2.05% and +69.62%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Annaly Capital Management. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Annaly Capital Management holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Annaly Capital Management has a Forward P/E ratio of 7.58 right now. This signifies a discount in comparison to the average Forward P/E of 8.69 for its industry.
One should further note that NLY currently holds a PEG ratio of 6.89. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. NLY's industry had an average PEG ratio of 1.38 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Annaly Capital Management Inc (NLY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).