NLY Stock Climbs Despite Projected Earnings Drop
• Annaly Capital Management (NLY) stock has climbed 12.82% in the past month, exceeding the S&P 500's 3.01% gain • NLY is projected to report a 28.09% drop in EPS for the upcoming quarterly earnings release • Quarterly revenue is projected to be up 119.11% compared to last year • For the full fiscal year, consensus estimates call for a 33.18% decline in EPS and an 83.73% drop in revenue • NLY currently has a Zacks Rank of #4 (Sell) and trades at a Forward P/E of 7.08, below the industry average of 7.7