What Annaly Capital Management (NLY)'s Third-Quarter Earnings Beat Means For Shareholders

• Annaly Capital Management recently reported third-quarter 2025 earnings that topped expectations for both earnings per share and revenue, contributing to a period of positive performance for the firm.
• This financial outperformance marks a continuation of Annaly Capital Management's upbeat momentum, occurring without major changes in mergers, acquisitions, or analyst ratings.
• We'll explore how the third-quarter earnings beat may influence Annaly Capital Management's investment narrative and future outlook.

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Annaly Capital Management Investment Narrative Recap

To be a shareholder in Annaly Capital Management, you generally need to believe in the firm's ability to generate consistent returns through effective management of mortgage-backed securities, amidst changing interest rates and housing market conditions. The recent third-quarter earnings beat may boost near-term confidence, yet rising interest rate volatility still remains the most important short-term catalyst and biggest risk. The latest results, while positive, do not materially shift this risk-reward balance.

Annaly’s third-quarter 2025 earnings announcement stands out, with net income of US$832.45 million and basic EPS of US$1.21 significantly above the prior year. This jump in profitability directly supports the main catalyst for the stock, growing earnings through disciplined portfolio management, even as ongoing market uncertainty continues to loom large. But in contrast, it’s important that investors also recognize the potential impact of sustained interest rate volatility on...

Read the full narrative on Annaly Capital Management (it's free!)

Annaly Capital Management's outlook anticipates $3.4 billion in revenue and $3.2 billion in earnings by 2028. This is based on a projected annual revenue growth rate of 46.9% and an increase in earnings of $2.6 billion from the current level of $575.1 million.

Uncover how Annaly Capital Management's forecasts yield a $22.10 fair value, a 3% downside to its current price.

Exploring Other Perspectives

Simply Wall St Community members put fair value for Annaly between US$16 and US$41.56, based on a dozen independent forecasts. While opinions on true worth vary widely, many are watching how ongoing interest rate movements could affect future returns, reminding you to consider several viewpoints before making your own judgment.

Explore 12 other fair value estimates on Annaly Capital Management - why the stock might be worth as much as 83% more than the current price!

Build Your Own Annaly Capital Management Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Annaly Capital Management research is our analysis highlighting 4 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Annaly Capital Management research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Annaly Capital Management's overall financial health at a glance.

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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.

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