Annaly Capital Management Q2 EPS $0.72 Misses $0.74 Estimate, Sales $921.49M Beat $869.02M Estimate
Portfolio Pulse from Bill Haddad
Annaly Capital Management (NYSE:NLY) reported Q2 earnings of $0.72 per share, missing the analyst consensus estimate of $0.74 by 2.7 percent. This is a 40 percent decrease from the same period last year. However, the company reported quarterly sales of $921.49 million, beating the analyst consensus estimate of $869.02 million by 6.04 percent, a 42.73 percent increase from last year.
July 26, 2023 | 8:21 pm
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Annaly Capital's Q2 earnings missed estimates but sales exceeded expectations. The company's earnings per share decreased by 40% YoY, while sales increased by 42.73% YoY.
Annaly Capital's earnings per share missed the analyst consensus estimate, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100