In This Article:
Annaly Capital Management (NYSE:NLY) Third Quarter 2024 Results
Key Financial Results
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Net income: US$24.8m (up from US$599.1m loss in 3Q 2023).
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EPS: US$0.048 (up from US$1.21 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Annaly Capital Management Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 97%. Earnings per share (EPS) also missed analyst estimates by 94%.
Looking ahead, revenue is forecast to grow 80% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Mortgage REITs industry in the US.
Performance of the American Mortgage REITs industry.
The company's shares are down 2.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Annaly Capital Management (1 shouldn't be ignored!) that you need to take into consideration.
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