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

Ellington Financial

07/08/2024 03:10

* Ellington Financial Inc  EFC.N  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 38 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 32 cents to 40 cents per share.
    * Revenue rose 36.2% to $33.60 million from a year ago;
analysts
expected $49.60 million. 
    * Ellington Financial Inc's reported EPS for the quarter was
62
cents​.
    * The company reported quarterly net income of $52.35
million.
    * Ellington Financial Inc shares had fallen by 0.3% this
quarter and lost 5.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"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 $13.50 
This summary was machine generated from LSEG data August 7 at
02:10 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
 Jun. 30 2024      0.35           0.33           Missed
 Mar. 31 2024      0.36           0.28           Missed
 Dec. 31 2023      0.40           0.27           Missed
 Sep. 30 2023      0.43           0.33           Missed