Annaly Capital Management (NLY) closed the most recent trading day at $9.99, making no change from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.66%. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 3.03%.
Heading into today, shares of the real estate investment trust had gained 0.4% over the past month, outpacing the Finance sector's loss of 0.18% and the S&P 500's loss of 2.43% in that time.
Investors will be hoping for strength from NLY as it approaches its next earnings release, which is expected to be February 13, 2019. In that report, analysts expect NLY to post earnings of $0.28 per share. This would mark a year-over-year decline of 9.68%.
It is also important to note the recent changes to analyst estimates for NLY. These recent revisions tend to reflect the evolving nature of short-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. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.28% lower. NLY is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, NLY currently has a Forward P/E ratio of 8.4. For comparison, its industry has an average Forward P/E of 9.1, 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 58, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.