Annaly Capital Management Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Annaly Capital Management (NYSE:NLY) Full Year 2024 Results

Key Financial Results

• Net income: US$847.4m (up from US$1.78b loss in FY 2023).
• EPS: US$1.62 (up from US$3.61 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Annaly Capital Management EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 81%. Earnings per share (EPS) exceeded analyst estimates by 5.7%.

In the last 12 months, the only revenue segment was Mortgage-backed Securities contributing US$1.25b. Explore how NLY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Annaly Capital Management that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.