Annaly Capital Management (NLY - Free Report) closed at $10.04 in the latest trading session, marking a -0.2% move from the prior day. This move lagged the S&P 500's daily gain of 0.82%. Meanwhile, the Dow gained 0.79%, and the Nasdaq, a tech-heavy index, added 0.79%.
Coming into today, shares of the real estate investment trust had gained 2.13% in the past month. In that same time, the Finance sector gained 4.07%, while the S&P 500 gained 3.94%.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be February 13, 2019. The company is expected to report EPS of $0.28, down 9.68% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for NLY. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NLY's current valuation metrics, including its Forward P/E ratio of 8.45. Its industry sports an average Forward P/E of 9.34, so we one might conclude that NLY is trading at a discount comparatively.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 51, putting it in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.