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

Annaly Capital Management

25/07/2024 24:27

* Annaly Capital Management Inc  NLY.N  reported quarterly
adjusted earnings of 68 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 72 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 65 cents per
share. Wall Street expected results to range from 62 cents to 67
cents per share.
    * Revenue rose 27.8% to $1.18 billion from a year ago;
analysts
expected $1.08 billion. 
    * Annaly Capital Management Inc's reported EPS for the
quarter was
a loss of 9 cents​.
    * The company reported a quarterly loss of $46.64 million.
    * Annaly Capital Management Inc shares had risen by 6.6%
this
quarter and gained 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Annaly Capital
Management Inc is $21.00 
This summary was machine generated from LSEG data July 24 at
11:27 p.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
 Jun. 30 2024      0.65           0.68           Beat
 Mar. 31 2024                     0.64           
 Dec. 31 2023      0.65           0.68           Beat
 Sep. 30 2023      0.69           0.66           Missed