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

Ellington Financial

07/08/2023 23:36

* Ellington Financial Inc  EFC.N  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 44 cents per share.
    * Revenue fell 32.8% to $24.66 million from a year ago;
analysts
expected $45.62 million. 
    * Ellington Financial Inc's reported EPS for the quarter was
4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ellington Financial Inc shares had fallen by 3.6% this
quarter and gained 7.6% so far this year.
    * The company reported quarterly net income of $2.9 million.
    * Wall Street's median 12-month price target for Ellington
Financial Inc is $14.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.44           0.38           Missed
 Mar. 31 2023      0.43           0.45           Beat
 Dec. 31 2022      0.45           0.42           Missed
 Sep. 30 2022      0.42           0.44           Beat