Annaly Capital Management (NLY) Dives More Than Bigger Markets: What You Need to Know

Annaly Capital Management (NLY) closed on the most recent trading day at $ 8.69, or -0.23% from the previous trading session. This move is lower than the S&P 500’s 0.11% daily loss.

Prior to today’s session, shares of the REIT had lost 1.69% over the past month. This lagged behind the financial sector’s 7.3% gain and the S&P 500’s 4.61% gain during this period.

NLY will look to show strength as its next earnings release nears, which is scheduled for October 27, 2021. In this report, analysts expect NLY to post earnings of $ 0.26 per share . This would mark a year-over-year decline of 18.75%. Our most recent consensus estimate projects quarterly revenue of $ 410.15 million, down 8.31% from the previous year.

Zacks’ consensus estimates for NLY’s full year project earnings of $ 1.10 per share and revenue of $ 1.8 billion. These results would represent year-over-year variations of 0% and + 35.3%, respectively.

It’s also important to note the recent changes to analyst estimates for NLY. These recent revisions tend to reflect the evolving nature of short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.

Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally verified outperformance history, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has remained stagnant. NLY is currently a Zacks Rank # 3 (Hold).

Investors should also note NLY’s current valuation metrics, including its forward P / E ratio of 7.9. Its industry has an average forward P / E of 11.05, so one could conclude that NLY is trading relative to a haircut.

The REIT and Equity Trust industry is part of the finance industry. This industry currently has a Zacks Industry Rank of 99, which places it in the top 39% of all 250+ industries.

The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

Make sure to use Zacks. Com to track all of these stock market metrics, and more, over future trading sessions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.