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

Ellington Credit Co

10/08/2022 22:58

* Ellington Residential Mortgage REIT  EARN.N  reported
quarterly
adjusted earnings of 28 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 26 cents per share.
    * Revenue fell 22.8% to $7.12 million from a year ago;
analysts
expected $4.95 million. 
    * Ellington Residential Mortgage REIT's reported EPS for the
quarter was a loss of 82 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
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 risen
by 16.9%
this quarter and lost 16.0% so far this year.
    * The company reported a quarterly loss of $10.74 million.
    * Wall Street's median 12-month price target for Ellington
Residential Mortgage REIT is $9.00 
    * 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." 

This summary was machine generated from Refinitiv data August 10
at 09:58 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.26           0.28           Beat
 Mar. 31 2022      0.31           0.30           Missed
 Dec. 31 2021      0.31           0.28           Missed
 Sep. 30 2021      0.33           0.31           Missed