Annaly Capital Management (NLY) Outperforms Broader Market: What You Need to Know

In the latest market close, Annaly Capital Management (NLY) reached $21.69, with a +1.31% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 1.12%. On the other hand, the Dow registered a gain of 1.14%, and the technology-centric Nasdaq increased by 1.46%.Coming into today, shares of the real estate investment trust had gained 4.44% in the past month. In that same time, the Finance sector lost 1.89%, while the S&P 500 lost 4.13%.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 forecasted to report an EPS of $0.70, showcasing a 9.38% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $275 million, up 4363.57% from the year-ago period.For the full year, the Zacks Consensus Estimates project earnings of $2.81 per share and a revenue of $1.15 billion, demonstrating changes of +4.07% and +364.09%, respectively, from the preceding year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Annaly Capital Management. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.72% higher. Annaly Capital Management currently has a Zacks Rank of #1 (Strong Buy).In the context of valuation, Annaly Capital Management is at present trading with a Forward P/E ratio of 7.61. This expresses a discount compared to the average Forward P/E of 8.63 of its industry.One should further note that NLY currently holds a PEG ratio of 4.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust industry had an average PEG ratio of 2.97 as trading concluded yesterday.The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 191, finds itself in the bottom 24% echelons of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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