Annaly Capital Management (NLY) Outpaces Stock Market Gains: What You Should Know

Annaly Capital Management (NLY) closed at $21.17 in the latest trading session, marking a +0.95% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.49% for the day. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq increased by 1.22%.Shares of the real estate investment trust witnessed a gain of 1.01% over the previous month, beating the performance of the Finance sector with its loss of 5.85% and the S&P 500's loss of 8.15%.Analysts and investors alike will be keeping a close eye on the performance of Annaly Capital Management in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.70, indicating a 9.38% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $275 million, up 4363.57% from the year-ago period.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.81 per share and revenue of $1.15 billion. These totals would mark changes of +4.07% and +364.09%, respectively, from last year.Any recent changes to analyst estimates for Annaly Capital Management should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Annaly Capital Management holds a Zacks Rank of #2 (Buy).With respect to valuation, Annaly Capital Management is currently being traded at a Forward P/E ratio of 7.46. Its industry sports an average Forward P/E of 8.3, so one might conclude that Annaly Capital Management is trading at a discount comparatively.We can additionally observe that NLY currently boasts a PEG ratio of 4.72. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the REIT and Equity Trust industry stood at 1.6 at the close of the market yesterday.The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Annaly Capital Management Inc (NLY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks