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

Annaly Capital Management

24/04/2024 23:16

* Annaly Capital Management Inc  NLY.N  reported quarterly
adjusted earnings of 64 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 81 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 64 cents per
share. Wall Street expected results to range from 60 cents to 67
cents per share.
    * Revenue rose 33.8% to $1.09 billion from a year ago;
analysts
expected $1.02 billion. 
    * Annaly Capital Management Inc's reported EPS for the
quarter was
85 cents​.
    * The company reported quarterly net income of $425.83
million.
    * Annaly Capital Management Inc shares had fallen by 5.3%
this
quarter and lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Annaly
Capital
Management Inc is $21.00 

This summary was machine generated from LSEG data April 24 at
10:16 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
 Mar. 31 2024      0.64           0.64           Met
 Dec. 31 2023      0.65           0.68           Beat
 Sep. 30 2023      0.69           0.66           Missed
 Jun. 30 2023      0.74           0.72           Missed