In the latest trading session, Annaly Capital Management (NLY - Free Report) closed at $8.37, marking a +1.7% move from the previous day. This change outpaced the S&P 500's 1.3% gain on the day. Elsewhere, the Dow gained 1.41%, while the tech-heavy Nasdaq added 1.75%.
Prior to today's trading, shares of the real estate investment trust had lost 11.7% over the past month. This has lagged the Finance sector's loss of 1.4% and the S&P 500's gain of 0.46% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release. In that report, analysts expect NLY to post earnings of $0.25 per share. This would mark a year-over-year decline of 16.67%.
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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. NLY currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that NLY has a Forward P/E ratio of 7.95 right now. For comparison, its industry has an average Forward P/E of 9.58, 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 105, putting it in the top 42% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.