Annaly Capital Management (NLY) closed at $ 9.39 on the last trading session, marking a movement of -1.26% from the previous day. This change is smaller than the 0.2% daily gain of the S&P 500.
Prior to today, REIT stocks had gained 5.78% over the past month, outpacing the financial sector gain of 1.63% and the S&P 500 gain of 1.06% over the past month. this period.
Investors are hoping for strength from NLY as the next publication of its results approaches. In this report, analysts expect NLY to post earnings of $ 0.27 per share. This would not mark any growth compared to the quarter of the previous year. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 415.98 million, up 4.31% from the period last year.
Zacks’ consensus estimates for NLY’s full year project earnings of $ 1.10 per share and revenue of $ 1.94 billion. These results would represent year-over-year variations of 0% and + 45.82%, respectively.
Investors might also notice recent changes in analyst estimates for NLY. These revisions help show the ever-changing nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive record of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Last month, Zacks Consensus EPS estimate rose 1.15%. NLY currently sports a Zacks rank of # 2 (Buy).
Looking at its valuation, NLY holds a forward P / E ratio of 8.65. For comparison, his industry has an average forward P / E of 11.25, which means NLY is trading at a discount to the group.
We can also see that NLY currently has a PEG ratio of 1.73. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. Shares of REIT and Equity Trust have, on average, a PEG ratio of 2.83 based on yesterday’s closing prices.
The REIT and equity trust industry is part of the finance industry. This industry currently has a Zacks Industry Rank of 128, which places it in the top 50% of 250+ industries.
The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.
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Annaly Capital Management Inc (NLY): Free Stock Analysis Report
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