Zacks Investment Research
Annaly Capital Management (NLY) Surpasses Q3 Earnings Estimates
Annaly Capital Management (NLY) reported quarterly earnings of $0.80 per share, beating the consensus estimate of $0.77, but missed revenue expectations with $543.61 million versus the estimated amount. The stock has underperformed the S&P 500 by 33.2 percentage points year-to-date. Despite favorable estimate revisions earning a Zacks Rank #2 (Buy), the REIT industry ranks in the bottom 14% of Zacks industries, which could limit near-term upside.
