Annaly Capital Shares Drop 2.44% as Q1 EPS Seen at $0.74
Annaly Capital Management shares dropped 2.44% on March 7, underperforming the S&P 500's 1.33% loss and the Finance sector's 2.34% decline. Analysts forecast 1Q EPS of $0.74 and revenue of $494 million, up 2.8% and 124.6% year-over-year respectively.
1. Share Price Performance
Shares closed at $22.41, down 2.44%, lagging the S&P 500's 1.33% drop, the Dow's 0.95% decline and the Nasdaq's 1.59% fall. Previously, the stock slipped 0.04% versus a 2.34% Finance sector loss and a 0.58% S&P gain.
2. Earnings Forecast and Valuation
Analysts anticipate Q1 EPS of $0.74 on $494 million in revenue, reflecting 2.78% and 124.58% year-over-year increases. Full-year estimates call for $2.96 EPS and $1.98 billion revenue, up 1.37% and 74.02%, while the forward P/E of 7.77 trails the 8.19 industry average, PEG stands at 7.06 versus 1.43 and the stock holds a Zacks Rank #3 with its industry in the bottom 16%.