IIn the last trading session, Annaly Capital Management (NLY) closed at $6.69, marking a -0.3% move from the previous day. The change lagged the S&P 500’s 0.43% daily gain. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today’s trading, shares of the real estate investment trust had lost 6.02% in the past month. This lagged the financial sector’s gain of 2.17% and the S&P 500’s gain of 3.69% during this period.
Investors are hoping for strength from Annaly Capital Management ahead of its next earnings release, which is expected on April 27, 2022. In the report, analysts expect Annaly Capital Management to post a profit of $0.24 per share. This would mark a year-over-year decline of 17.24%. Meanwhile, Zacks consensus estimate for revenue calls for net sales of $341 million, down 50.39% from the prior year period.
For the full year, our Zacks consensus estimates call for earnings of $0.97 per share and revenue of $1.43 billion, which would represent swings of -16.38% and -17, 46%, respectively, compared to the previous year.
Investors might also notice recent changes in analyst estimates for Annaly Capital Management. These revisions help show the ever-changing nature of short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system is proven and externally audited for outperformance, with #1 stocks returning an average of +25 % per year since 1988. The Zacks Consensus EPS estimate has remained flat over the past month. Annaly Capital Management currently sports a Zacks ranking of #4 (sell).
In terms of valuation, Annaly Capital Management is currently trading at a Forward P/E ratio of 6.94. For comparison, its industry has an average Forward P/E of 8.53, which means that Annaly Capital Management is trading at a discount to the group.
Investors should also note that NLY has a PEG ratio of 1.39 at this time. The PEG ratio is similar to the widely used P/E ratio, but this measure also takes into account the company’s expected earnings growth rate. The REITs and equity trusts sector currently had an average PEG ratio of 1.79 at yesterday’s close.
The REIT and equity trust industry is part of the finance sector. This industry currently has a Zacks Industry Rank of 230, which places it in the bottom 10% of all 250+ industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.
7 best stocks for the next 30 days
Just Released: Experts distill 7 elite stocks from the current Zacks No. 1 Ranking 220 Strong Buys list. They consider these tickers “most likely for early price increases.”
Since 1988, the full list has beaten the market more than 2 times with an average gain of +25.4% per year. So be sure to give your immediate attention to these 7 handpicked ones.
Discover them now >>
Click to get this free report
Annaly Capital Management Inc (NLY): Free Stock Analysis Report
To read this article on Zacks.com, click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.