In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $9.99, marking a +0.1% move from the previous day. The stock lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.42%, and the Nasdaq, a tech-heavy index, added 0.03%.
Prior to today's trading, shares of the real estate investment trust had lost 2.82% over the past month. This has lagged the Finance sector's gain of 1.62% and the S&P 500's gain of 2.89% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be May 1, 2019. In that report, analysts expect NLY to post earnings of $0.29 per share. This would mark a year-over-year decline of 3.33%.
Investors should also note any recent changes to analyst estimates for NLY. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 has moved 1.13% lower. NLY is currently a Zacks Rank #3 (Hold).
Looking at its valuation, NLY is holding a Forward P/E ratio of 8.53. This valuation marks a discount compared to its industry's average Forward P/E of 8.89.
The REIT and Equity Trust industry is part of the Finance sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% 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.