Annaly Capital Management Inc (NYSE:NLY) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NLY to report 3Q20 income of $ 0.26 per share.
For the full year, analysts anticipate top line of $ 2356.50 million, while looking forward to income of $ 0.99 per share bottom line.
Previous Quarter Performance
Annaly Capital Management Inc posted income for the second quarter of $ 0.27 per share, from the revenue of $ 584.81 million. The quarterly earnings 8.00 percent while revenues reduced 36.95 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.22 per share from $ 638.85 million in revenue. The bottom line results beat street analysts by $ 0.05 or 22.73 percent, at the same time, top line results fell short of analysts by $ 54.04 million or 8.46 percent.
Stock Performance
Shares of Annaly Capital Management Inc traded low $ -0.03 or -0.42 percent on Tuesday, reaching $ 7.11 with volume of 11.54 million shares. Annaly Capital Management Inc has traded high as $ 7.24 and has cracked $ 7.11 on the downward trend
According to the previous trading day, closing price of $ 7.11, representing a 103.42 % increase from the 52 week low of $ 3.51 and a 32 % decrease over the 52 week high of $ 10.50.
The company has a market capital of $ 9.97 billion and is part of the Real Estate sector and REIT – Diversified industry.
Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments. It also provides financing to private equity-backed middle market businesses; and operates as a broker-dealer.
