Ellington Residential Mortgage REIT expected to post earnings of 26  cents a share - Earnings Preview

Ellington Credit Co

09/08/2022 03:05

* Ellington Residential Mortgage REIT  EARN.N   EARN.K  is
expected to show a fall in quarterly revenue when it reports 
results on August 10. 
    * The Old Greenwich Connecticut-based  company is expected
to
report  a 46.3% decrease in revenue to $4.949 million from $9.21
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 26 cents per share. For the
same quarter last year, the company reported earnings of 37
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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ellington
Residential Mortgage REIT is $9​, above​ its last closing price
of $8.66. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.30        0.31       0.30      Missed  -1.6
 Dec. 31 2022  0.29        0.31       0.28      Missed  -10.8
 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.        0.33        0.34       0.31      Missed  -7.6
 31 2021                                                
 Dec. 31 2020  0.35        0.35       0.34      Missed  -2.2​
 Sep. 30 2020  0.29        0.29       0.39      Beat    36.6
 Jun. 30 2020  0.23        0.25       0.26      Beat    5.1
 This summary was machine generated August 9 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated