Annaly Capital Management (NLY) closed at $18.82 in the latest trading session, marking a -3.04% move from the prior day. This change lagged the S&P 500's 0.52% gain on the day. Elsewhere, the Dow saw an upswing of 0.63%, while the tech-heavy Nasdaq appreciated by 0.48%.
Heading into today, shares of the real estate investment trust had gained 2.43% over the past month, outpacing the Finance sector's gain of 2.2% and lagging the S&P 500's gain of 4.27%.
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Market participants will be closely following the financial results of Annaly Capital Management in its upcoming release. The company is forecasted to report an EPS of $0.71, showcasing a 4.41% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $411 million, reflecting a 667.36% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.87 per share and revenue of $1.47 billion. These totals would mark changes of +6.3% and +492.83%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Annaly Capital Management. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Annaly Capital Management boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Annaly Capital Management is currently trading at a Forward P/E ratio of 6.76. This represents a discount compared to its industry average Forward P/E of 8.56.
We can also see that NLY currently has a PEG ratio of 4.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the REIT and Equity Trust industry had an average PEG ratio of 1.76.
