Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $8.85, moving -1.23% from the previous trading session. This change lagged the S&P 500's daily gain of 0.19%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.81%.
Prior to today's trading, shares of the real estate investment trust had gained 0.34% over the past month. This has lagged the Finance sector's gain of 1.46% and the S&P 500's gain of 0.56% in that time.
NLY will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2019. The company is expected to report EPS of $0.25, down 16.67% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for NLY. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% lower. NLY is currently sporting a Zacks Rank of #4 (Sell).
Investors should also note NLY's current valuation metrics, including its Forward P/E ratio of 8.7. Its industry sports an average Forward P/E of 10.17, 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 industry currently has a Zacks Industry Rank of 163, which puts it in the bottom 37% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.