Posted 2/29/2024, 10:50:10 PM
Annaly Capital Stock Gains Outpace Broader Market Despite Lagging Over Past Month
- Annaly Capital Management (NLY) stock rose 1.81% on a day the S&P 500 gained 0.52%
- NLY stock has lagged the broader market over the past month, down 2.29% vs a 3.85% gain for the S&P 500
- NLY is expected to report a 19.75% drop in EPS for the latest quarter, though revenue is forecast to surge over 1500%
- For the full year, analysts expect an 8.39% decline in NLY's earnings but a 1259% increase in revenue
- NLY currently trades at a discount to its industry peers, with a forward P/E of 7.15 vs an industry average of 7.17