Ellington Financial Inc reports results for the quarter ended in December - Earnings Summary

Ellington Financial

24/02/2023 24:20

* Ellington Financial Inc  EFC.N  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in
December. The mean expectation of eight analysts for the quarter
was for earnings of 45 cents per share.
    * Revenue fell 21.6% to $30.17 million from a year ago;
analysts
expected $36.25 million. 
    * Ellington Financial Inc's reported EPS for the quarter was
37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ellington Financial Inc shares had risen by 8.3% this
quarter.
    * The company reported quarterly net income of $22.73
million.
    * Wall Street's median 12-month price target for Ellington
Financial Inc is $14.50 
    * 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." 

This summary was machine generated from Refinitiv data February
24 at 12:20 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.45           0.42           Missed
 Sep. 30 2022      0.42           0.44           Beat
 Jun. 30 2022      0.43           0.41           Missed
 Mar. 31 2022      0.45           0.40           Missed