Annaly Capital Management (NLY - Free Report) closed at $10.02 in the latest trading session, marking a +0.1% move from the prior day. This move lagged the S&P 500's daily gain of 3.43%. Meanwhile, the Dow gained 3.29%, and the Nasdaq, a tech-heavy index, added 4.26%.
Coming into today, shares of the real estate investment trust had lost 0.89% in the past month. In that same time, the Finance sector lost 10.39%, while the S&P 500 lost 12.15%.
NLY will be looking to display strength as it nears its next earnings release, which is expected to be February 13, 2019. On that day, NLY is projected to report earnings of $0.29 per share, which would represent a year-over-year decline of 6.45%.
It is also important to note the recent changes to analyst estimates for NLY. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 8.48. This valuation marks a discount compared to its industry's average Forward P/E of 8.82.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.