Annaly Capital Management Inc reports results for the quarter ended in December - Earnings Summary

Annaly Capital Management

08/02/2024 03:28

* Annaly Capital Management Inc  NLY.N  reported quarterly
adjusted earnings of 68 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 89 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 65 cents per
share. Wall Street expected results to range from 60 cents to 70
cents per share.
    * Revenue rose 24% to $990.35 million from a year ago;
analysts
expected $1.01 billion. 
    * Annaly Capital Management Inc's reported EPS for the
quarter was
a loss of 88 cents​.
    * The company reported a quarterly loss of $440.92 million.
    * Annaly Capital Management Inc shares had fallen by 2.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for Annaly Capital
Management Inc is $20.50 
This summary was machine generated from LSEG data February 8 at
03:28 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.65           0.68           Beat
 Sep. 30 2023      0.69           0.66           Missed
 Jun. 30 2023      0.74           0.72           Missed
 Mar. 31 2023      0.76           0.81           Beat