Annaly Capital Management (NLY) closed at $20.96 on the latest trading session, a decline of 1.23%, lagging behind the S&P 500’s 0.3% gain. Prior to this session, the stock had experienced a decline of 6.15% over the past month, compared to the Finance sector’s increase of 1.34% and the S&P 500’s rise of 1.92%.
The company is set to release its earnings report soon, with projected earnings per share (EPS) at $0.74, reflecting a 1.37% increase year-over-year. Revenue estimates stand at $488 million, a significant 78.62% increase from the prior year. For the annual period, the Zacks Consensus Estimates forecast earnings of $2.98 per share and revenue of $1.93 billion, marking shifts of 2.05% and 69.62%, respectively.
Currently, Annaly Capital Management holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 7.13, below the industry average of 8.55. However, the company also faces challenges, as the REIT and Equity Trust industry is currently ranked in the bottom 14% of all industries, indicating a tough operating environment.
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