Annaly Capital Management is expected to report Q3 2026 revenue of $845.0 million and EPS of $0.78, with its current stock price of $20.12 trading at a discount to the average analyst price target of $21.45. The primary metric investors are monitoring is the company's Book Value Per Share (BVPS), which reflects the underlying value of its agency mortgage-backed securities portfolio.
Market participants are focused on book value stability and dividend coverage as the Federal Reserve's interest rate trajectory impacts mortgage spreads and financing costs. These results follow a period of heightened market volatility where Annaly has prioritized portfolio liquidity and hedge positioning to protect its capital base.