Ellington Financial Inc expected to post earnings of 43  cents a share - Earnings Preview

Ellington Financial

06/05/2023 03:08

* Ellington Financial Inc  EFC.N   EFC  is expected to show
a fall
in quarterly revenue when it reports  results on May 8. 
    * The Old Greenwich Connecticut-based  company is expected
to
report  a 5.5% decrease in revenue to $35.035 million from
$37.06 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ellington Financial
Inc
is for earnings of 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Ellington
Financial Inc is $14​, above​ its last closing price of $12.05.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.44        0.45       0.42      Missed  -5.6
 Sep. 30 2022  0.43        0.42       0.44      Beat    4.5
 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.        0.48        0.47       0.44      Missed  -5.5
 31 2021                                                
 Sep. 30 2021  0.51        0.48       0.46      Missed  -4.4​
 Jun. 30 2021  0.44        0.45       0.51      Beat    12.3
 Mar. 31 2021  0.38        0.38       0.43      Beat    13.1
 This summary was machine generated May 6 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated