Annaly Capital Management (NYSE:NLY) Third Quarter 2022 Results

Key Financial Results

• Net loss: US$302.1m (down by 161% from US$492.4m profit in 3Q 2021).

• US$0.70 loss per share (down from US$1.36 profit in 3Q 2021).

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 34%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 15%.

Performance of the American Mortgage REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with Annaly Capital Management (including 2 which don't sit too well with us).

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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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