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NLYBearishEarningsnews
Materiality pending

What's in the Cards for Annaly (NLY) This Earnings Season?

Apr 22, 2024, 1:50 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- NLY to report Q1 2024 results on Apr 24, expected decline in earnings. - In previous quarter, earnings surpassed estimates, while book value per share declined. - High interest rates, low prepayment speed, and MSR portfolio improvement expected. - Funding costs likely to rise due to high interest rates, analysts predict lower earnings. - Earnings ESP for NLY is -7.33%, Zacks Rank of 4 (Sell). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • NLY to report Q1 2024 results on Apr 24, expected decline in earnings.
  • In previous quarter, earnings surpassed estimates, while book value per share declined.
  • High interest rates, low prepayment speed, and MSR portfolio improvement expected.
  • Funding costs likely to rise due to high interest rates, analysts predict lower earnings.
  • Earnings ESP for NLY is -7.33%, Zacks Rank of 4 (Sell).

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