Why Annaly Capital Management (NLY) Dipped More Than Broader Market Today

Company Performance - Annaly Capital Management (NLY) closed at $18.77, reflecting a -0.37% change from the previous day, which is less than the S&P 500's daily loss of 0.09% [1] - Over the past month, shares of Annaly Capital Management have decreased by 3.24%, which is better than the Finance sector's loss of 4.24% and the S&P 500's loss of 0.29% [2] Earnings Expectations - The upcoming earnings disclosure is anticipated to show an EPS of $0.67, down 1.47% from the prior year quarter, with a projected revenue of $242 million, indicating a significant rise of 551.91% from the equivalent quarter last year [3] - For the full year, analysts expect earnings of $2.65 per share and revenue of $302.5 million, representing changes of -7.34% and +371.58%, respectively, from last year [4] Analyst Projections - Recent shifts in analyst projections for Annaly Capital Management are important for investors, as upward revisions indicate analysts' positive outlook on the company's business operations and profit generation capabilities [5] - The Zacks Rank system, which assesses estimate revisions, currently places Annaly Capital Management at a rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [7] Valuation Metrics - Annaly Capital Management is trading at a Forward P/E ratio of 7.12, which is a discount compared to the industry's average Forward P/E of 9.08 [8] - The REIT and Equity Trust industry, part of the Finance sector, has a Zacks Industry Rank of 82, placing it within the top 33% of over 250 industries [8]