Annaly Capital Management (NLY) Dips More Than Broader Markets: What You Should Know

Annaly Capital Management (NLY - Free Report) closed the most recent trading day at $21.08, moving -1.4% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.Prior to today's trading, shares of the real estate investment trust had lost 2.29% over the past month. The company is expected to report EPS of $0.87, down 22.32% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $353.69 million, down 2.03% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.22 per share and revenue of $1.73 billion. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. For comparison, its industry has an average Forward P/E of 6.9, which means Annaly Capital Management is trading at a discount to the group.The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 45% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.