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Annaly Capital Management (NLY) Outpaces Stock Market Gains: What You Should Know
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Annaly Capital Management (NLY - Free Report) closed at $6.73 in the latest trading session, marking a +1.82% move from the prior day. This move outpaced the S&P 500's daily gain of 1.1%. At the same time, the Dow added 1.18%, and the tech-heavy Nasdaq gained 1.09%.
Investors will be hoping for strength from NLY as it approaches its next earnings release. The company is expected to report EPS of $0.23, down 8% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for NLY. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 has moved 5.98% higher. NLY currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, NLY is holding a Forward P/E ratio of 7.45. For comparison, its industry has an average Forward P/E of 8.31, which means NLY is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Annaly Capital Management (NLY) Outpaces Stock Market Gains: What You Should Know
Annaly Capital Management (NLY - Free Report) closed at $6.73 in the latest trading session, marking a +1.82% move from the prior day. This move outpaced the S&P 500's daily gain of 1.1%. At the same time, the Dow added 1.18%, and the tech-heavy Nasdaq gained 1.09%.
Investors will be hoping for strength from NLY as it approaches its next earnings release. The company is expected to report EPS of $0.23, down 8% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for NLY. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 has moved 5.98% higher. NLY currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, NLY is holding a Forward P/E ratio of 7.45. For comparison, its industry has an average Forward P/E of 8.31, which means NLY is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.