"Annaly Capital Management (NLY) Exceeds Q4 Earnings Expectations Despite Market Challenges"
TL;DR Summary
Annaly Capital Management (NLY) reported Q4 earnings of $0.68 per share, surpassing the estimated $0.64 per share. However, the company's revenues fell short of expectations. The stock's future performance is expected to underperform the market, as indicated by the Zacks Rank #4 (Sell) due to unfavorable estimate revisions. The industry's outlook also plays a significant role in the stock's performance, with the REIT and Equity Trust industry currently ranking in the bottom 19% of Zacks industries.
Topics:business#annaly-capital-management#earnings#finance#nly#real-estate-investment-trust#zacks-rank
- Annaly Capital Management (NLY) Q4 Earnings Surpass Estimates Yahoo Finance
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- Annaly (NLY) Tops Q4 Earnings Estimates, Logs Negative NII Zacks Investment Research
- Mortgage REIT Giant NLY Faces Downgrade Amid Market Challenges BNN Breaking
- Annaly Capital Management, Inc. Reports 4th Quarter 2023 Results Business Wire
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