Ellington Residential Mortgage REIT expected to post earnings of 24  cents a share - Earnings Preview

Ellington Credit Co

10/05/2023 03:03

* Ellington Residential Mortgage REIT  EARN.N   EARN.K  is
expected to show a fall in quarterly revenue when it reports 
results on May 11. 
    * The Old Greenwich Connecticut-based  company is expected
to
report  a 41.6% decrease in revenue to $3.172 million from $5.43
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ellington
Residential
Mortgage REIT is for earnings of 24 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ellington
Residential Mortgage REIT is $8​, above​ its last closing price
of $6.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.22        0.22       0.25      Beat    14.4
 Sep. 30 2022  0.23        0.23       0.23      Met     1.5
 Jun. 30 2022  0.28        0.26       0.28      Beat    9.8​
 Mar. 31 2022  0.30        0.31       0.30      Missed  -1.6
 ​​Dec.        0.29        0.31       0.28      Missed  -10.8
 31 2021                                                
 Sep. 30 2021  0.34        0.33       0.31      Missed  -6.9​
 Jun. 30 2021  0.32        0.32       0.37      Beat    16.9
 Mar. 31 2021  0.33        0.34       0.31      Missed  -7.6
 This summary was machine generated May 10 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated