In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $10.11, marking a -0.79% move from the previous day. This move was narrower than the S&P 500's daily loss of 3.29%. Meanwhile, the Dow lost 3.15%, and the Nasdaq, a tech-heavy index, lost 4.08%.
Prior to today's trading, shares of the real estate investment trust had lost 2.77% over the past month. This has lagged the Finance sector's loss of 0.09% and the S&P 500's gain of 0.44% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be November 7, 2018. On that day, NLY is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 3.33%.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NLY currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that NLY has a Forward P/E ratio of 8.54 right now. For comparison, its industry has an average Forward P/E of 9.23, which means NLY is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.