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

Ellington Financial

27/02/2024 24:29

* Ellington Financial Inc  EFC.N  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 42 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 35 cents to 46
cents per share.
    * Revenue fell 7.2% to $27.99 million from a year ago;
analysts
expected $42.67 million. 
    * Ellington Financial Inc's reported EPS for the quarter was
18
cents​.
    * The company reported quarterly net income of $12.5
million.
    * Ellington Financial Inc shares had fallen by 4.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Ellington
Financial Inc is $14.50 
This summary was machine generated from LSEG data February 27 at
12:29 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.40           0.27           Missed
 Sep. 30 2023      0.43           0.33           Missed
 Jun. 30 2023      0.44           0.38           Missed
 Mar. 31 2023      0.43           0.45           Beat