Annaly Capital Management (NLY) stock rises despite market dip, with positive revenue and earnings projections.

From Nasdaq: 2024-09-20 18:15:21

In the latest trading session, Annaly Capital Management (NLY) closed at $20.88, up +0.38% from the previous day, outperforming the S&P 500, which saw a 0.19% loss. NLY’s stock has climbed by 4.63% in the past month, exceeding the Finance sector and S&P 500 gains. Investors await the upcoming earnings report projecting $0.67 earnings per share and $206.5 million revenue.

Zacks Consensus Estimates predict NLY’s full-year earnings to be $2.67 per share with revenue of $472 million. Analysts emphasize the importance of recent estimate revisions in reflecting business trends and stock performance. Annaly Capital Management currently holds a Zacks Rank of #3 (Hold) and features a Forward P/E ratio of 7.8, trading at a discount within the REIT and Equity Trust industry.

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Monitoring Zacks.com can provide insights into stock-shifting metrics and industry rankings. The Finance sector, including the REIT and Equity Trust industry, has a Zacks Industry Rank of 85, within the top 34% of industries. Stay updated with Zacks Investment Research for the latest stock recommendations and analysis.



Read more at Nasdaq: Annaly Capital Management (NLY) Rises As Market Takes a Dip: Key Facts