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

Ellington Credit Co

02/05/2022 23:25

* Ellington Residential Mortgage REIT  EARN.N  reported
quarterly
adjusted earnings of 30 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 31 cents per share.
    * Revenue fell 5.6% to $5.43 million from a year ago; 
analysts
expected $5.60 million. 
    * Ellington Residential Mortgage REIT's reported EPS for the
quarter was a loss of $1.33​.
    * 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 fallen
by 13.0%
this quarter and lost 15.5% so far this year.
    * The company reported a quarterly loss of $17.47 million.
    * Wall Street's median 12-month price target for Ellington
Residential Mortgage REIT is $10.38 
    * 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 May 2 at 10:24 p.m.  ​All
figures in US dollars unless otherwise stated