Is Annaly Capital Management (NLY) Outperforming Other Finance Stocks This Year?

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Investors focused on the Finance space have likely heard of Annaly Capital Management (NLY), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.

Annaly Capital Management is a member of our Finance group, which includes 849 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. NLY is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for NLY's full-year earnings has moved 0.28% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, NLY has gained about 5.50% so far this year. Meanwhile, the Finance sector has returned an average of 12.19% on a year-to-date basis. As we can see, Annaly Capital Management is performing better than its sector in the calendar year.

Breaking things down more, NLY is a member of the REIT and Equity Trust industry, which includes 29 individual companies and currently sits at #61 in the Zacks Industry Rank. Stocks in this group have gained about 9.49% so far this year, so NLY is slightly underperforming its industry this group in terms of year-to-date returns.

Investors with an interest in Finance stocks should continue to track NLY. The stock will be looking to continue its solid performance.


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