Annaly Capital Management (NLY) shares move -0.71%: What you need to know

Anally Capital Management (NLY) closed the last day of trading at $7.04, or -0.71% from the previous trading session. That move was narrower than the S&P 500’s 1.57% daily loss. At the same time, the Dow Jones lost 1.56% and the tech-heavy Nasdaq lost 0.09%.

As of today, shares of the real estate investment trust were down 0.42% over the past month. Meanwhile, the financials sector gained 3.25%, while the S&P 500 gained 5.37%.

Annaly Capital Management will look to show strength ahead of its next earnings release. In that report, analysts expect Annaly Capital Management to post earnings of $0.24 per share. This would mark a year-over-year decline of 17.24%. Meanwhile, our latest consensus estimate calls for revenue of $341 million, down 50.39% from the prior year quarter.

Zacks consensus estimates for the full year for NLY call for earnings of $0.97 per share and revenue of $1.43 billion. These results would represent year-to-year variations of -16.38% and -17.46%, respectively.

It is also important to note recent changes to analyst estimates for Annaly Capital Management. These revisions generally reflect the latest short-term trading trends, which may change frequently. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.

Research indicates that these revisions to estimates are directly correlated to near-term stock price dynamics. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.

The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable, externally audited track record of success, with No. 1 stocks delivering an average annual return of +25% since 1988. Over the past month, Zacks Consensus’ EPS estimate has remained stagnant. Annaly Capital Management currently sports a Zacks ranking of #4 (sell).

Given its valuation, Annaly Capital Management has a Forward P/E ratio of 7.33. This represents a discount to the average PER of its sector of 8.71.

Additionally, it is worth mentioning that NLY has a PEG ratio of 1.47. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. NLY’s industry had an average PEG ratio of 1.86 at yesterday’s close.

The REIT and equity trust industry is part of the finance sector. This group has a Zacks Industry Rank of 213, which places it in the bottom 17% of all 250+ industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

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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.