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

Ellington Credit Co

10/11/2022 02:25

* Ellington Residential Mortgage REIT  EARN.N  reported
quarterly
adjusted earnings of 23 cents​​ per share for the quarter ended
in September. The mean expectation of four analysts for the
quarter was for earnings of 23 cents per share.
    * Revenue rose 5.7% to $5.19 million from a year ago;
analysts
expected $4.50 million. 
    * Ellington Residential Mortgage REIT's reported EPS for the
quarter was a loss of $1.04​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ellington Residential Mortgage REIT shares had risen
by 11.7%
this quarter and lost 33.7% so far this year.
    * The company reported a quarterly loss of $13.67 million.
    * Wall Street's median 12-month price target for Ellington
Residential Mortgage REIT is $8.00 
    * 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 November
10 at 02:25 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.23           0.23           Met
 Jun. 30 2022      0.26           0.28           Beat
 Mar. 31 2022      0.31           0.30           Missed
 Dec. 31 2021      0.31           0.28           Missed