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

Ellington Credit Co

08/11/2022 03:05

* Ellington Residential Mortgage REIT  EARN.N   EARN.K  is
expected to show a fall in quarterly revenue when it reports 
results on November 9. 
    * The Old Greenwich Connecticut-based  company is expected
to
report  a 8.5% decrease in revenue to $4.495 million from $4.91
million a year ago, according to the mean estimate from 3
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," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 $6.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.29        0.31       0.28      Missed  -10.8​
 Sep. 30 2021  0.34        0.33       0.31      Missed  -6.9
 ​​Jun.        0.32        0.32       0.37      Beat    16.9
 30 2021                                                
 Mar. 31 2021  0.33        0.34       0.31      Missed  -7.6​
 Dec. 31 2020  0.35        0.35       0.34      Missed  -2.2
 Sep. 30 2020  0.29        0.29       0.39      Beat    36.6
 This summary was machine generated November 8 at 03:04 GMT.  All
figures in US dollars  unless otherwise stated