Ellington Financial Inc expected to post earnings of 36 cents a share - Earnings Preview

Ellington Financial

04/11/2024 21:20

* Ellington Financial Inc  EFC.N   EFC  is expected to show
a rise
in quarterly revenue when it reports  results on November 6 for
the period ending September 30 2024
    * The Old Greenwich Connecticut-based  company is expected
to
report a 38.5% increase in revenue to $38.114 million from
$27.51 million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (SAL Represent Net Interest
income)
    * ​LSEG's mean analyst estimate for Ellington Financial Inc
is for
earnings of 36 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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
Financial Inc is 14.00​, above​ its last closing price
of $11.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.34        0.35       0.33      Missed  -6.5
 Jan. 1 2024   0.40        0.36       0.28      Missed  -22.2
 Dec. 31 2023  0.41        0.40       0.27      Missed  -32.5​
 Jan. 1 0001   0.40        0.43       0.33      Missed  -22.5
 ​​Jan.        0.43        0.44       0.38      Missed  -13.3
 1 0001                                                 
 Jan. 1 0001   0.42        0.43       0.45      Beat    4.5​
 Dec. 31 2022  0.44        0.45       0.42      Missed  -5.6
 Sep. 30 2022  0.43        0.42       0.44      Beat    4.5
 This summary was machine generated November 4 at 21:20 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)