Annaly Capital Management (NLY) closed the most recent trading day at $10.19, moving +0.1% from the previous trading session. This change lagged the S&P 500's 0.76% gain on the day. Meanwhile, the Dow gained 0.67%, and the Nasdaq, a tech-heavy index, added 0.71%.
Coming into today, shares of the real estate investment trust had gained 0.79% in the past month. In that same time, the Finance sector gained 4.01%, while the S&P 500 gained 0.75%.
NLY will be looking to display strength as it nears its nex t earnings release, which is expected to be February 13, 2019. On that day, NLY is projected to report earnings of $0.28 per share, which would represent 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. 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. 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.
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 0.85% lower. NLY is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that NLY has a Forward P/E ratio of 8.7 right now. This valuation marks a discount compared to its industry's average Forward P/E of 9.16.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.