Ellington Residential Mortgage REIT expected to post earnings of 32 cents a share - Earnings Preview

Ellington Credit Co

31/07/2021 24:26

* Ellington Residential Mortgage REIT  EARN.N   EARN.K  is
expected to show a rise in quarterly revenue when it reports
results on August 2. 
* The Old Greenwich, Connecticut-based company is expected to
report   a 84.3% increase in revenue to $5.328 million from
$2.89 million a year ago, according to the estimate from one
analyst, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Ellington Residential
Mortgage REIT is for earnings of 32 cents per share. For the
same quarter last year, the company reported earnings of 26
cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $12​, about 7.2% above​ its last
closing price of $11.13. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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​
 Jun. 30 2020  0.23        0.25       0.26      Beat    5.1
 Mar.          0.25​       0.25       0.27      Beat    6.1​
 31​ 2020​                                              
 Dec. 31 2019  0.23        0.23       0.23      Met     -1.7​
 Sep. 30 2019  0.22        0.22       0.19      Missed  -11.8
 Jun. 30 2019  0.26        0.26       0.22      Missed  -15.2
 This summary was machine generated July 30 at 23:26 GMT.  All
figures in US dollars unless otherwise stated