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%.

The primary driver behind last 12 months revenue was the Mortgage Servicing Rights (msr) segment contributing a total revenue of US$466.1m (37% of total revenue). Explore how NLY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Annaly Capital Management (1 can't be ignored!) that you need to take into consideration.

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