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Annaly Capital Management (NLY) Gains But Lags Market: What You Should Know
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In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $10.43, marking a +0.29% move from the previous day. This change lagged the S&P 500's 1.56% gain on the day. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Prior to today's trading, shares of the real estate investment trust had gained 5.91% over the past month. This has lagged the Finance sector's gain of 8.81% and the S&P 500's gain of 6.41% in that time.
Wall Street will be looking for positivity from NLY as it approaches its next earnings report date. This is expected to be February 13, 2019. In that report, analysts expect NLY to post earnings of $0.28 per share. This would mark a year-over-year decline of 9.68%.
It is also important to note the recent changes to analyst estimates for NLY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.39% lower. NLY is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, NLY currently has a Forward P/E ratio of 9.12. For comparison, its industry has an average Forward P/E of 9.25, which means NLY is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NLY in the coming trading sessions, be sure to utilize Zacks.com.
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Annaly Capital Management (NLY) Gains But Lags Market: What You Should Know
In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $10.43, marking a +0.29% move from the previous day. This change lagged the S&P 500's 1.56% gain on the day. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Prior to today's trading, shares of the real estate investment trust had gained 5.91% over the past month. This has lagged the Finance sector's gain of 8.81% and the S&P 500's gain of 6.41% in that time.
Wall Street will be looking for positivity from NLY as it approaches its next earnings report date. This is expected to be February 13, 2019. In that report, analysts expect NLY to post earnings of $0.28 per share. This would mark a year-over-year decline of 9.68%.
It is also important to note the recent changes to analyst estimates for NLY. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.39% lower. NLY is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, NLY currently has a Forward P/E ratio of 9.12. For comparison, its industry has an average Forward P/E of 9.25, which means NLY is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NLY in the coming trading sessions, be sure to utilize Zacks.com.