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

Ellington Financial

06/05/2022 24:22

* Ellington Financial Inc  EFC.N  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended in March. The
mean expectation of eight analysts for the quarter was
for earnings of 45 cents per share.
    * Revenue rose 29% to $37.06 million from a year ago; 
analysts
expected $38.46 million. 
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Ellington Financial Inc shares had fallen by 5.0% this
quarter and lost 1.3% so far this year.
    * Wall Street's median 12-month price target for Ellington
Financial Inc is $18.75 
    * 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." 

This summary was machine generated May 5 at 11:22 p.m.  ​All
figures in US dollars unless otherwise stated