Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $9.09, moving +0.55% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.41%. At the same time, the Dow added 0.39%, and the tech-heavy Nasdaq gained 0.57%.
Heading into today, shares of the real estate investment trust had lost 5.14% over the past month, lagging the Finance sector's loss of 0.77% and the S&P 500's gain of 0.1% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release. The company is expected to report EPS of $0.26, down 13.33% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for NLY. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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).
Digging into valuation, NLY currently has a Forward P/E ratio of 8.53. This valuation marks a discount compared to its industry's average Forward P/E of 9.71.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 7% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.