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Annaly Capital Management (NLY) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $21.05, marking a -1.22% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
The real estate investment trust's shares have seen a decrease of 8.5% over the last month, not keeping up with the Finance sector's loss of 2.6% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Annaly Capital Management in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.78, signifying a 6.85% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $545 million, indicating a 97.64% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.09 per share and revenue of $2.03 billion. These totals would mark changes of +5.82% and +78.78%, respectively, from last year.
Any recent changes to analyst estimates for Annaly Capital Management should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Annaly Capital Management is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Annaly Capital Management currently has a Forward P/E ratio of 6.9. This valuation marks a discount compared to its industry average Forward P/E of 7.5.
We can also see that NLY currently has a PEG ratio of 1.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Annaly Capital Management (NLY) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $21.05, marking a -1.22% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.18%, and the tech-heavy Nasdaq gained 0.4%.
The real estate investment trust's shares have seen a decrease of 8.5% over the last month, not keeping up with the Finance sector's loss of 2.6% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Annaly Capital Management in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.78, signifying a 6.85% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $545 million, indicating a 97.64% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.09 per share and revenue of $2.03 billion. These totals would mark changes of +5.82% and +78.78%, respectively, from last year.
Any recent changes to analyst estimates for Annaly Capital Management should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Annaly Capital Management is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Annaly Capital Management currently has a Forward P/E ratio of 6.9. This valuation marks a discount compared to its industry average Forward P/E of 7.5.
We can also see that NLY currently has a PEG ratio of 1.68. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 216, positioning it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.