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Annaly Capital Management (NLY) Beats Stock Market Upswing: What Investors Need to Know
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Annaly Capital Management (NLY - Free Report) closed at $21.37 in the latest trading session, marking a +1.14% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The stock of real estate investment trust has fallen by 7.93% in the past month, lagging the Finance sector's loss of 4.76% and the S&P 500's loss of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Annaly Capital Management in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.74, showcasing a 2.78% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $494 million, indicating a 124.58% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.96 per share and a revenue of $1.98 billion, indicating changes of +1.37% and +74.02%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Annaly Capital Management. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Annaly Capital Management is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, Annaly Capital Management is currently exchanging hands at a Forward P/E ratio of 7.14. This denotes a discount relative to the industry average Forward P/E of 7.65.
One should further note that NLY currently holds a PEG ratio of 6.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the REIT and Equity Trust industry was having an average PEG ratio of 1.75.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 28% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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) Beats Stock Market Upswing: What Investors Need to Know
Annaly Capital Management (NLY - Free Report) closed at $21.37 in the latest trading session, marking a +1.14% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
The stock of real estate investment trust has fallen by 7.93% in the past month, lagging the Finance sector's loss of 4.76% and the S&P 500's loss of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Annaly Capital Management in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.74, showcasing a 2.78% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $494 million, indicating a 124.58% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.96 per share and a revenue of $1.98 billion, indicating changes of +1.37% and +74.02%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Annaly Capital Management. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Annaly Capital Management is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, Annaly Capital Management is currently exchanging hands at a Forward P/E ratio of 7.14. This denotes a discount relative to the industry average Forward P/E of 7.65.
One should further note that NLY currently holds a PEG ratio of 6.49. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the REIT and Equity Trust industry was having an average PEG ratio of 1.75.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 28% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.