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In the last trading session, Annaly Capital Management (NLY) closed at $ 8.47, marking a movement of -1.05% from the previous day. This change is smaller than the 0.41% daily gain of the S&P 500.
Prior to today, REITs shares had gained 0.12% over the past month, surpassing the financial sector’s 1.6% loss and the S&P 500’s 4.08% loss over the past month. this period.
Wall Street will research NLY’s positivity as the date of its next earnings report approaches. 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%. Meanwhile, our latest consensus estimate projects revenue of $ 410.15 million, down 8.31% from the previous year’s quarter.
For the full year, our consensus estimates from Zacks suggest analysts expect earnings of $ 1.10 per share and revenue of $ 1.8 billion. These totals would mark changes of 0% and + 35.3%, respectively, from last year.
Investors might also notice recent changes in analyst estimates for NLY. These revisions generally reflect the latest short-term business trends, which can change frequently. 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 short-term stock price dynamics. Investors can take advantage of this by using the Zacks Ranking. This model takes into account these changes in estimate and provides a simple and workable scoring system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive externally audited outperformance history, with # 1 stocks generating an average annual return of + 25% since 1988. Zacks Consensus EPS estimate has remained stagnant over the past month. NLY currently sports a Zacks rank of # 3 (Hold).
In terms of valuation, NLY is currently trading at a forward P / E ratio of 7.76. This represents a discount to its sector’s average forward P / E of 10.82.
The REIT and Equity Trust industry is part of the finance industry. This group has a Zacks Industry Rank of 91, placing it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. 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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