Anally Capital Management (NLY) closed at $7.59 last trading session, marking a -1.56% move from the previous day. That move was narrower than the S&P 500’s 1.89% daily loss. At the same time, the Dow Jones lost 1.3% and the tech-heavy Nasdaq lost 0.17%.
Heading into today, shares of the real estate investment trust had lost 5.86% over the past month, lagging the financial sector’s 3.26% gain and loss of 1. 79% of the S&P 500 during this period.
Wall Street will be looking for positivity from Annaly Capital Management as it nears its next earnings release date. In that report, analysts expect Annaly Capital Management to post earnings of $0.26 per share. That would mark a 13.33% year-over-year decline. Meanwhile, our latest consensus estimate calls for revenue of $357 million, down 17.53% from the prior year quarter.
Investors might also notice recent changes in analyst estimates for Annaly Capital Management. These revisions help show the ever-changing nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
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 Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past 30 days, our consensus EPS projection is down 1.14%. Annaly Capital Management currently holds a Zacks rank of #3 (Hold).
Given its valuation, Annaly Capital Management has a Forward P/E ratio of 7.61. This valuation marks a discount compared to the average Forward P/E of its sector of 8.61.
Meanwhile, NLY’s PEG ratio is currently 1.52. 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 1.97 at yesterday’s close.
The REIT and equity trust industry is part of the finance sector. This industry currently has a Zacks Industry Rank of 158, which places it in the bottom 39% 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.
You can find more information on all of these metrics, and more, at Zacks.com.
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