In the latest trading session, Annaly Capital Management (NLY) closed at $21.04, marking a +1.06% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.
Shares of the real estate investment trust have depreciated by 0.81% over the course of the past month, underperforming the Finance sector's gain of 1.64%, and the S&P 500's gain of 2.72%.
The investment community will be closely monitoring the performance of Annaly Capital Management in its forthcoming earnings report. The company is predicted to post an EPS of $0.72, indicating a 9.09% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $447 million, showing a 3235.82% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.89 per share and a revenue of $1.4 billion, signifying shifts of +7.04% and +463.37%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Annaly Capital Management. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Annaly Capital Management is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Annaly Capital Management is currently exchanging hands at a Forward P/E ratio of 7.2. This expresses a discount compared to the average Forward P/E of 8.79 of its industry.
It is also worth noting that NLY currently has a PEG ratio of 4.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust stocks are, on average, holding a PEG ratio of 3.95 based on yesterday's closing prices.
