Ellington Financial Inc expected to post earnings of 40 cents a share - Earnings Preview

Ellington Financial

24/02/2024 03:05

* Ellington Financial Inc  EFC.N   EFC  is expected to show
a rise
in quarterly revenue when it reports  results on February 26 for
the period ending December 31 2023
    * The Old Greenwich Connecticut-based  company is expected
to
report a 41.4% increase in revenue to $42.667 million from
$30.17 million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL Represent Net Interest
income)
    * ​LSEG's mean analyst estimate for Ellington Financial Inc
is for
earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 $14.50​, above​ its last closing price
of $12.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.40        0.43       0.33      Missed  -22.5
 Jun. 30 2023  0.43        0.44       0.38      Missed  -13.3
 Mar. 31 2023  0.42        0.43       0.45      Beat    4.5​
 Dec. 31 2022  0.44        0.45       0.42      Missed  -5.6
 ​​Sep.        0.43        0.42       0.44      Beat    4.5
 30 2022                                                
 Jun. 30 2022  0.43        0.43       0.41      Missed  -5.2​
 Mar. 31 2022  0.44        0.45       0.40      Missed  -10.6
 Dec. 31 2021  0.48        0.47       0.44      Missed  -5.5
 This summary was machine generated February 24 at 03:05 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)