Ellington Residential Mortgage REIT reports results for the quarter ended in December - Earnings Summary

Ellington Credit Co

07/03/2022 22:27

* Ellington Residential Mortgage REIT  EARN.N  reported
quarterly
adjusted earnings of 28 cents​​ per share for the quarter ended
in December. The mean expectation of four analysts for the
quarter was for earnings of 31 cents per share.
    * Revenue rose 5.6% to $5.76 million from a year ago; 
analysts
expected $5.79 million. 
    * Ellington Residential Mortgage REIT's reported EPS for the
quarter was a loss of 21 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ellington Residential Mortgage REIT shares had fallen
by 6.4%
this quarter.
    * The company reported a quarterly loss of $2.76 million.
    * Wall Street's median 12-month price target for Ellington
Residential Mortgage REIT is $12.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated March 7 at 10:26 p.m.  ​All
figures in US dollars unless otherwise stated